Monthly Archives: April 2021
Advantages of the Small Business Reorganization Act vs. A Standard Chapter 11
The Small Business Reorganization Act is a new law designed to make it easier and quicker for small businesses to file for Chapter 11 bankruptcy. Chapter 11 is often thought of as being long, intrusive, costly, and drawn out, and to some extent, for large multimillion dollar companies that file for reorganization, that can… Read More »
Why File a Chapter 13 When Individuals Can File a Chapter 11?
When you hear about Chapter 11 bankruptcy, you probably think of it being an excellent option for businesses. And it is – except it’s not just for businesses. It can also be an avenue to help individuals in certain situations, and Chapter 11 is not limited solely to corporate or business bankruptcies. So why… Read More »
Charge-Offs and Write-Offs: Not Much of a Difference
Part of making the decision to file bankruptcy is trying to determine whether you actually owe money and how much you owe. Unfortunately, that simple question can sometimes be quite difficult, especially if you have older debts. You may be uncertain which debts are actually valid (that is, whether you even have to worry… Read More »
