Tag Archives | Bankruptcy

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Understanding the Different Types of Bankruptcy

The very word bankruptcy seems to clearly denote a financial malaise of sorts; the fact is, however, that it can be a very sensible solution that places a business in a better position to correct some missteps and resume on the path to profitability. You may hear of celebrities and companies declaring bankruptcy; it is […]

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Deciding On Bankruptcy Or Debt Settlement

Many businesses must ask: “Is it better to file bankruptcy or debt settlement?”, and the answer depends on your operation; DebtSettlement.co points out, with debt settlement, you’ll have to: “Set aside funds…during debt settlement negotiation to pay…creditors once your debt settlement company…negotiates a lower balance.”

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Is Your Small Business Drowning in Debt?

Small businesses can face numerous challenges. From clients who make late payments to months when sales are slow, there are many issues that can make your small business drown in debt. The good thing is that you can save your small business by coming up with a good strategy to deal with debt. Here are […]

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Companies growing as economy struggles

You don’t need to be a financial expert to see that the economy is struggling. Disposable income is dwindling for many households struggling with rising food costs, energy bills and below-inflation pay rises, pay freezes or even cuts.

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Valuation Issues in the Bankruptcy Process

When it comes to business bankruptcies, the numbers seem to loom larger with every year. From 2005 through 2008, annual business bankruptcies increased by over 200%. In the years 2009 and 2010, business bankruptcies were more than double for the years 2006 and 2007.

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Small Business Bankruptcy

Small businesses, often sole proprietorships or partnerships, are as vulnerable to bankruptcy if not more so, as large ones. Small businesses may be defined as individual units providing products or services, having a small investment and employing few employees.

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Chapter 11 Bankruptcy

Bankruptcy can be filed for by both individuals and businesses when they are unable to pay off debts and there is no other option left to explore. Bankruptcy offers protection from creditors and the federal court ensures that its decisions are in the best interests of the debtor and the creditors.

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Alternatives to Bankruptcy

The stigma attached to bankruptcy and the economic and financial repercussions following bankruptcy, prove to be the biggest deterrents for filing it in the first place.

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