Turning Challenges Into Solutions
Clinic and physician practice bankruptcies are at some of their highest levels in years, driven by rising labor costs, lower reimbursement rates and shifting federal policies. If your Georgia healthcare practice is feeling that pressure, knowing your legal options...
When an insolvent business must cease operating, bankruptcy is often part of the dissolution process. Successful bankruptcy proceedings can eliminate debts that might lead to litigation or even claims against the owner of the business. Frequently, those planning to...
No business owner wants to find out that a client or anyone else who owes them money has filed for bankruptcy. However, if you know a bit about how bankruptcy law works, you may be able to improve your chances of recouping at least a portion of what you are owed. It’s...
Typically, businesses and individuals initiate their own bankruptcy filings. These are considered voluntary bankruptcies, even though they may not have any other choice. Then there is involuntary bankruptcy. That’s when creditors petition the bankruptcy court to...
Whatever industry you are in, your success as a business owner depends on multiple factors, many of which are wholly or partly out of your control. It is no surprise that many businesses end up heavily in debt and owners are left wondering whether it is better to file...
Many people in Georgia believe bankruptcy only looks at what happens after you file your paperwork. In reality, the months leading up to your filing matter just as much. Using credit cards or selling property right before filing can raise red flags. These actions may...
Financial hardships are a daily occurrence for many Americans. For some, the realization that their financial situation isn’t likely to get better can be disheartening. When one of the factors that’s leading to the financial hardship is credit accounts and debts, they...
The realization that you can’t pay all your bills with your income is a major hurdle. Dealing with this type of financial challenge can lead to considerable stress. If you come to the realization that you just can’t handle the debts any longer, you may want to explore...
In recent years, business bankruptcies have been trending upward. For example, they went up by over 40% from March 2023 to April 2024. There are always bankruptcies every year, but such a stark jump in statistics is cause for concern. Why are these bankruptcies...
Your trademarks and patents don’t just sit on the sidelines; they reflect years of commitment and creativity. Unfortunately, a bankruptcy can threaten your possession of all your IP, and that can come as a nasty surprise to unprepared business owners. But, if you know...