This is a tough question and a lot it depends on how you operate your business. Before the question is addressed, it may be useful to go back over the various forms of businesses typical of a small business owner. Sole Proprietorship: This is where you operate the business by yourself–you have not incorporated and [...]
September 2009
Attempting to be your own bankruptcy attorney is a very bad idea that almost always has disastrous results. This is true for both Chapter 7 and Chapter 13 bankruptcy cases. I was at bankruptcy hearings this week, and I watched a hearing in which the debtors, a husband and wife, had filed their case without [...]
If you’re planning on filing bankruptcy, you need to weigh all your options before you decide whether you should keep your house, especially if it’s a house you can’t afford or one in which you have no equity. While this decision is somewhat different based on whether you will be filing under Chapter 7 or [...]
On July 30, 2009 I wrote an article about free information about credit. Today I found another resource to assist you with your quest. Mymoney.gov is website that provides free information about taking control or your finances and credit. This website is run by the U.S. Financial Literacy and Education Commission. The site provides information [...]
Do you think you could owe twice as much as you thought on your car loan? It could be true, if your car loan is owed to a credit union, you owe a large credit card balance to the credit union, and if the dreaded “cross collateral clause” is lurking in the fine print of the car [...]
Filing for bankruptcy is usually done on the internet by your attorney, helped by special bankruptcy software that most attorneys have.
