Tag Archives: chapter 7
Reasons to Choose Chapter 11
Running a small business can be an exciting endeavor. However, it can also be risky, especially given today’s uncertain economic climate. One way for businesses to handle debt and continue to operate is by declaring Chapter 11 bankruptcy. Most people are familiar with Chapter 7 or liquidation bankruptcy, but what is Chapter 11 and… Read More »
Are There Alternatives to Bankruptcy?
When debt adds up, knowing where to turn isn’t always easy. For many people seeking relief from debt, bankruptcy sometimes appears to be the only option. However, depending on your circumstances, other options may be better suited for you. For example, you may want to consider some of these bankruptcy alternatives: Negotiate with creditors:… Read More »
What are the Pros and Cons of Filing Chapter 7?
Given the current economy, it’s no wonder why so many people are asking this question. If you are facing an overwhelming amount of debt, Chapter 7 may be right for you. However, understanding Chapter 7 can be difficult. Following are some of the pros and cons of filing for Chapter 7: Pros Fresh start:… Read More »