small business Tag

12 Sep Chapter 11 Bankruptcy: The Good, the Bad, and the Ugly for Small Business

Chapter11bankruptcies for big companies make big news. There is theChrysler Chapter11, which is pretty much considered a success. There is the GM case, which is a bit more equivocal. And there are the perpetual airlineChapter11s. What you don't hear a lot about are small businessChapter11s. They...

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18 Jul Is Bankruptcy the Right Option For My Business?

Filing bankruptcy for your business can end the frustration and stress of trying to keep the “doors open” on a failing endeavor. But is it necessary? If you have a sole proprietorship, you can’t file bankruptcy just for the business without including all of your personal assets and debts. That may be a good thing, and will give you a “fresh start” so you can get on with your life. After the bankruptcy, all of your debts; both personal and business; that can be discharged will be gone.
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