Should I Close My Small Business If I Want to File a Bankruptcy?

Should I Close My Small Business If I Want to File a Bankruptcy?
We often consult with clients who own a small business in distress.  If the business is not profitable, a Chapter 11 reorganization may allow the business to start fresh by reorganizing its debts.  If the owner doesn’t want to continue...
February 10, 2020
READ MORE

Bankruptcy and Tax Refunds

Bankruptcy and Tax Refunds
This time of year anyone that is considering filing bankruptcy needs to be aware of how bankruptcy impacts their potential tax refund. Potential Asset When filing bankruptcy, the Debtor has an obligation to list all of their assets.  That's easier...
December 12, 2019
READ MORE

How Can Chapter 11 Help my Small Business?

How Can Chapter 11 Help my Small Business?
With upcoming changes to the procedures for “small business” Chapter 11 filings  we expect more Chapter 11 filings for individuals and for businesses who qualify as “small businesses” under the new sub-chapter of the bankruptcy code.  Let’s talk about the...
November 21, 2019
READ MORE

New Bankruptcy Legislation Aims to Help Bankrupt Debtors

New Bankruptcy Legislation Aims to Help Bankrupt Debtors
By Ryan Blay, W M Law Attorney at Law With pressing major legislation and partisan conflict, Congress does not always take the time to review bankruptcy legislation.  When it does, however, it has taken some steps to make bankruptcy a...
October 18, 2019
READ MORE