The past two years were difficult for small businesses. If debts became unmanageable, it may be necessary to file for bankruptcy. This decision and the options for filing bankruptcy in federal bankruptcy court require serious consideration. Chapter 7 Chapter 7 is a...
Most people who own a home take out a mortgage in order to purchase it. For many people, it may also be the largest purchase they ever make. That’s why when an individual is unable to make the mortgage payment, it can leave him or her concerned about losing their...
When your business is in financial distress, Chapter 11 bankruptcy may be your best option. But it’s a complicated process with many variables, restrictions and decisions which need to be made. Cash collateral is a potential option many businesses will choose, so it’s...
