Should You Use Your Retirement Savings to Pay Off Debt? When you’re in a financial bind, it can be tempting to think about all of the assets you have and how you can use them to support you in the short term. This is especially true if you’re receiving harassing phone calls from creditors. Making […]
Updated June 1, 2016. There’s no way around it – dealing with debt is just plain hard. But there are a number of ways to handle it and get your financial health back on track. One of those ways is bankruptcy. It allows you to wipe out your debts and start over fresh. It’s not […]
Unfortunately, owning a business doesn’t mean you can’t run into personal financial trouble. If you have too much debt to handle, a bankruptcy can help you wipe the slate clean and start over. But will a personal bankruptcy affect your business? Personal Bankruptcy And Your Business The effect of a bankruptcy on your business will […]
Last updated March 30, 2017. Bankruptcy procedures and rules differ for different filing parties and different types of bankruptcy. Chapter 11 bankruptcy is usually reserved for large businesses who want to rework debt. The goal is to reorganize the filing companies’ finances and let them start fresh after the bankruptcy process. In many cases, businesses […]