These are perilous times for small businesses, which often operate on a shoestring budget and rely on cash flow to continue operations. The recent government shut-downs due to the coronavirus pandemic forced many small business owners to close their doors, perhaps for good. Others remain open but are relying on … Continue reading
If you are a business owner, you are likely aware of the need to be proactive when it comes to avoiding bankruptcy. If your business goes bankrupt, not only will you lose your business, you and the lives of your employees will be altered tremendously as will your credit score, … Continue reading
You are struggling financially. Perhaps you’ve just divorced and the strain of setting up a solo household has run up your credit card debt. Perhaps you are unemployed or under-employed. Perhaps you have had a major illness or injury and you have been hit with unreimbursed medical bills. Whatever reason … Continue reading
What you need to know about a bank’s right of offset before you file a bankruptcy petition. Normally, when someone files Chapter 7 bankruptcy, all of the funds left in their personal accounts can be protected by bankruptcy exemptions. This is a function of bankruptcy protection, which is meant to … Continue reading