Bankruptcy

There are several different factors that experts look at when estimating future bankruptcy trends. Two of these are the unemployment rate and household debt to income ratio. Both of these indicators do not look great in terms of consumer bankruptcy trends that could...

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...

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...

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...

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,...

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...

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...

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 think is...

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....

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...