Category Archives: Family Small Business Bankruptcy
Business Bankruptcy And Your Personal Credit Score
The application for an employer identification number (EIN) is only one page long, but filling it out is an exhilarating moment. It is the official beginning of a new business venture. One of the few questions on the form asks you to choose a business entity type for your new business; a business entity… Read More »
Dispelling Bankruptcy Myths
When you hear about bankruptcy from the outside, most of it is negative. For example, maybe your coworker has a relative who filed for bankruptcy and keeps bugging your coworker to cosign for a loan with him. News headlines about companies contemplating bankruptcy tend to be about the ones that have been in a… Read More »
Business Bankruptcy Filings Accelerate
We are now several months into the coronavirus pandemic, and many bankruptcy attorneys have been predicting a wave of filings. As reported by the business press, the predictions are proving accurate. The bankruptcy filings this year have increased at the fastest pace since 2013—and there is no end in sight. Certainly, with coronavirus infections… Read More »
Is Uber Headed Toward Bankruptcy?
Uber has revolutionized the way people get around cities. With the simple use of an app, a person can request a car to come immediately to their door, often for a fraction of the cost of what a taxicab would charge. Uber is also part of the growing “gig economy”—freelance jobs that people can… Read More »
Starting a Business on Firm Financial Footing
Business bankruptcies can be much more traumatic than an individual consumer bankruptcy. For many business owners, more money is at play. They have more assets they can lose in a liquidation than the typical consumer. They might also have employees who are depending on them for their livelihood. When a business fails, many lives… Read More »
Florist FTD Files for Bankruptcy Protection
Founded over 100 years ago, florist FTD is probably best known for its commercials informing the public that they can ship flowers to loved ones on Mother’s Day or any other special occasion within 24 hours. FTD works by having a network of florists around the country who live near the intended recipient, thus… Read More »