Many Tennessee businesses flourish while others, for some reason, fail to generate enough revenue to survive. When this happens, entrepreneurs can generally choose from three main types of bankruptcy: Chapter 7, 11 and 13. Each has its pros and cons, but many experts...
Month: March 2015
Using bankruptcy for tax relief
Many Tennessee residents may have debt problems caused by excessive credit card usage. Others have debt issues caused by unpaid taxes. Perhaps they owe income taxes to the IRS and are unable to pay them. They may have abandoned a property and now owe taxes on it....
The emotional aspect of bankruptcy: how to deal
Nobody gets excited about the thought of filing for bankruptcy, but in many situations, it's the only way to get out of a financial mess. Many Tennesseans are afraid of bankruptcy, however, because of their pride. To many people, money is their identity. Without it,...
Christian store chain files for business bankruptcy
Sometimes businesses grow quickly and experience phenomenal business results for a long time, and then start to lose money and customers as other companies pop up. Unfortunately, even a higher power couldn't save popular religious chain Family Christian Stores from...
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