Filing bankruptcy if you have an interest in a corporation or a limited liability company requires some extra work for you and your bankruptcy lawyer. Preparing an accurate balance sheet listing the company’s assets and debts is a critically important part of this process. As we’ve written before, just because you file bankruptcy doesn’t mean [...]
bankruptcy filing
Filing for bankruptcy? Owe money to the power company? You’ll be pleased to know you can discharge your debts to the utility company when you file for Chapter 7 bankruptcy. Thanks to deregulation of the Illinois electric utility industry, companies such as Ameren buy power through a reverse auction devised by the Illinois General Assembly. [...]
Filing bankruptcy is a tough decision to make, and one that married couples in particular find difficult. One of the most frequent questions asked about bankruptcy is whether spouses must file together. Married couples are not forced to file for bankruptcy together. Though they are allowed to do so, there’s nothing in the law that [...]
