Whenever a business experiences financial difficulties, and is failing, it is an unpleasant experience for the business owner who has likely placed significant time, money and emotional resources into the business. If the business is struggling, they may wonder what...
Month: December 2016
Options to help with medical debt and credit card debt
For individuals who are struggling with medical debt and oftentimes related credit card debt, there may be options to consider to help enjoy a fresh financial start and be free of the stress associated with overwhelming debt. Sometimes a vicious cycle of medical debt...
Logan’s Roadhouse emerges from business bankruptcy
This blog discussed the Logan's Restaurant business bankruptcy filing earlier this year and the option for struggling businesses to utilize the commercial bankruptcy process as a way to return to profitability. Logan's Roadhouse restaurant chain, headquartered in...
Options for when a business is struggling
It can be overwhelming to have a business that is struggling with debt month after month. It can create anxiety and concerns about creditor actions and the future of the business. What actions creditors may be able to take against the business or against the business...
How can Chapter 7 bankruptcy help?
In general, bankruptcy options are available to help protect individuals from overwhelming debt. Chapter 7 bankruptcy is one option for individuals who qualify under the means test that can help them enjoy debt relief and a fresh financial start and future. Chapter 7...
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