On Behalf of Jones & Walden, LLC | Jun 10, 2020 | Bankruptcy
Weathering tough economic times is a big burden for Georgia business owners. You do the best you can to keep your business afloat during difficult periods, including paying your employees and keeping up with debt. Unfortunately, there are some things that are simply...
On Behalf of Jones & Walden, LLC | May 27, 2020 | Bankruptcy
Filing for bankruptcy is a daunting decision. On the one hand, bankruptcy can free you from the immense burden of inescapable debt. On the other hand, bankruptcy remains on your credit report for seven to 10 years, depending on the type of bankruptcy filed. Many...
On Behalf of Jones & Walden, LLC | Apr 22, 2020 | Bankruptcy
Since bankruptcy is born out of not being able to keep up with bills, loans or other payments, there is a negative connotation with it. But life is unpredictable and the option to make changes or have a fresh start shouldn’t have any shame attached to it. Filing for...
On Behalf of Jones & Walden, LLC | Feb 14, 2020 | Bankruptcy
Although a lot of people talk about the decline of small businesses in America, fewer have clear ideas on what to do about it. Now, a major new change to the Chapter 11 bankruptcy code might help some small business owners who could not qualify for debt relief before,...
On Behalf of Jones & Walden, LLC | Aug 21, 2019 | Bankruptcy
Bankruptcies among seniors is growing rapidly. In 1991, bankruptcy filings for those 65 and older made up 2% of all claims while today senior bankruptcies are at 12%. A recent research paper by Indiana Legal Studies says safety nets for older Americans have shrunk...
On Behalf of Jones & Walden, LLC | Jul 30, 2019 | Bankruptcy
Businesses can suffer from the accumulation of debts relatively quickly. This is primarily because many external factors can affect a business’ success. Even if a few months ago your cash flow was healthy, you may have fallen into debt fairly swiftly due to a...
On Behalf of Jones & Walden, LLC | May 24, 2019 | Bankruptcy
When you’re securing funding for your new business, it feels like you’ll have no problem getting everything you need. You have a lot of interested investors. You started with a dream and no capital, so everything you bring in massively expands what you...
On Behalf of Jones & Walden, LLC | Apr 26, 2019 | Bankruptcy
Chapter 13 bankruptcy is a very popular choice for individual debtors who do not qualify for Chapter 7 bankruptcy. Chapter 7 bankruptcy tends to be a very popular option since the entire process takes around six months, and debtors benefit from debt discharges....
On Behalf of Jones & Walden, LLC | Apr 25, 2019 | Bankruptcy
Several factors beyond your control can affect the profitability of your farming business. Above-average snowfalls and droughts can impact the operation of your business, and in turn, your revenue stream. This trickle-down effect can cause debts too pile. What do you...
On Behalf of Jones & Walden, LLC | Mar 14, 2019 | Bankruptcy
When you are struggling with debts, it is important to realize that you need to take action in one way or another because otherwise your financial situation is simply not going to improve otherwise. One option that you may be considering in bankruptcy. However, many...
