Category: Small Business And Self-Employment
By Kent Anderson, Oregon Bankruptcy Attorney on May 1, 2008 in Bankruptcy Cases of Interest, Bankruptcy Legislation, Bankruptcy Practice and Procedure, Chapter 13 Bankruptcy, Decisions of Interest, General Bankruptcy Information, Small Business And Self-Employment | 0 Comments
The 9th Circuit Bankruptcy Appellate Panel recently held that a Chapter 13 debtor engaged in business can not deduct necessary business expenses from gross receipts in determining current monthly income. In re Wiegand, decided April 3, 2008, all but guarantees that small business chapter 13 debtors will be required to spend five years in a [...]
Popularity: 18% [?]
By Susanne Robicsek, North Carolina Bankruptcy Attorney on Apr 6, 2008 in Bankruptcy Myths, Bankruptcy Practice and Procedure, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Featured, General Bankruptcy Information, North Carolina, Small Business And Self-Employment | 1 Comment
For many years bankruptcy was seen as something that was used by either businessmen like Donald Trump or by people who didn’t have much income. This is no longer true as people in lower, middle, and the upper class are turning to bankruptcy lawyers for help.
My friend, colleague, and sometimes adversary, Rick Mitchell [...]
Popularity: 26% [?]
By Peter Orville, Attorney at Law on Mar 19, 2008 in Bankruptcy Practice and Procedure, Chapter 13 Bankruptcy, General Bankruptcy Information, Protecting Assets In Bankruptcy, Small Business And Self-Employment, Tax Issues | 0 Comments
You can try. You will be held personally liable for some of your LLC’s tax debts. Examples include sales tax, and the trust fund portion of employee withholding taxes. If you file a personal Chapter 13 (an LLC cannot file a Chapter 13), you can put your personal liability for the LLC’s taxes into your [...]
Popularity: 20% [?]
By Cathy Moran, California bankruptcy lawyer on Mar 9, 2008 in Benefits of Bankruptcy, California, Chapter 13 Bankruptcy, General Bankruptcy Information, Small Business And Self-Employment | 0 Comments
Waiting to file bankruptcy cost one of my clients over $30,000 in payments to his Chapter 13 plan. Despite having discussed bankruptcy with me for several years, he put his head in the sand and waited until there was a wage garnishment crisis. When the dust settled, the price of his Chapter 13 plan was [...]
Popularity: 22% [?]
By Cathy Moran, California bankruptcy lawyer on Dec 26, 2007 in General Bankruptcy Information, Small Business And Self-Employment | 0 Comments
The literature on starting a business is endless; advice on going out of business scant. Here are some thoughts on what to do when you’ve made the painful decision to shut down: my checklist of tasks when ownership has decided to close a business without a bankruptcy.
If you liked that post, then try these…Four Reasons [...]
Popularity: 17% [?]
By Jonathan Ginsberg, Atlanta Bankruptcy Attorney on Dec 10, 2007 in General Bankruptcy Information, Small Business And Self-Employment | 0 Comments
How does a personal bankruptcy filing impact your small business? The answer? It depends….
If you liked that post, then try these…How long do I save my Bankruptcy papers? by Eugene S. Melchionne, Connecticut Bankruptcy AttorneyCan A Cosigner Hurt My Chances Of Filing For Bankruptcy? by Jay Fleischman, New York Bankruptcy AttorneyViolation of the Bankruptcy Discharge [...]
Popularity: 20% [?]
By Brett Weiss, Maryland Bankruptcy Attorney on Nov 8, 2007 in Bankruptcy Myths, Bankruptcy Practice and Procedure, Benefits of Bankruptcy, General Bankruptcy Information, Maryland, Protecting Assets In Bankruptcy, Small Business And Self-Employment | 0 Comments
Your business is in trouble.
Customers/clients have dried up, and you can’t pay your bills (just ask some of my mortgage broker or Realtor clients). Or your rent payment and expenses went up, and you don’t have the cash flow to support their payment. Or your business partner took all the money in the bank account [...]
Popularity: 47% [?]
By Kent Anderson, Oregon Bankruptcy Attorney on Nov 6, 2007 in Bankruptcy Practice and Procedure, Benefits of Bankruptcy, Chapter 13 Bankruptcy, General Bankruptcy Information, Small Business And Self-Employment | 1 Comment
Yes, several types of bankruptcy are available to a small business. Big businesses make big news filing bankruptcy. We have all heard about the airline bankruptcies and the newspapers are full of stories about home lenders filing bankruptcy. These bankruptcy cases are multi-million dollar affairs; usually filed under Chapter 11 as major corporate reorganizations. Small [...]
Popularity: 23% [?]
By Kevin Gipson, New Orleans Bankruptcy Attorney on Oct 29, 2007 in Benefits of Bankruptcy, General Bankruptcy Information, Louisiana, Small Business And Self-Employment | 0 Comments
In a recent article by BLN contributor, Craig Andresen entitiled: “Sole Proprietor “Business” Chapter 13 Cases: Yes, You Can Do It!” discusses the option of a Chapter 13 bankruptcy for the sole proprietor.
He also points out that a business such as a Limited Liability Company or a Corporation may file for bankruptcy and obtain a [...]
Popularity: 19% [?]
By Craig Andresen, Attorney at Law on Oct 18, 2007 in Chapter 13 Bankruptcy, General Bankruptcy Information, Small Business And Self-Employment | 0 Comments
If you have a small business which is a sole proprietorship, you can file a chapter 13 case, usually with no more difficulty than a non-business case. All you need is an experienced bankruptcy lawyer, preferably one who has done business chapter 13 cases before.
It isn’t true that sole proprietors must do a chapter [...]
Popularity: 17% [?]
