Bankruptcy Business Clarified

Jul 17th, 2014 | By | Category: Guide

While filing for bankruptcy used to be a fairly easy and painless way to start over with a clean slate, for many businesses in debt today it’s no longer a viable option. There are many downsides to filing today. The court costs have practically doubled and the paperwork, for instance. Courts today, can wield extreme control, reducing flexibility when it is necessary and for those businesses owners that have a small number of personal debt tied into their business, the court can also require you to file for personal bankruptcy. Besides all this, you still get a bad credit mark on your credit report for up to 10 years. We can help you avoid bankruptcy with our services with American Finasco. We can show you a little bit how to restructure your debt, use debt consolidation and many other services. We also assist you with creditors who call or send you letters constantly. We let them know we’re handling your debt so you can worry about your daily operations. Our goal is to assist you avoid bankruptcy and bring you back on your feet to profitability as soon as possible.

LA Times: As credit lines have shrunk and consumers have cut back on spending, thousands of small businesses have closed their doors over the last year. The plight of struggling firms has been aggravated by the reluctance of banks to lend money, said Brian Headd, an economist at the Small Business Administration’s office of advocacy. California has been particularly hard hit. The latest data show small-business bankruptcies up 81% in the state for the 12 months ended Sept. 30, compared with …


Even More Info About Bankruptcy Business

While it can feel awful for you, it is important to recall that bankruptcy is a legitimate option for you if you’re burdened with debt and unable to make repayments. Plenty of people file for bankruptcy â?? Successful business people file for bankruptcy, often as a maneuver, and sometimes out of necessity. Donald Trump, for example has filed for bankruptcy twice… and still built his business up again and again. Robert Kiyosaki has built his business up while life in a car. It’s all possible, you need to know how bankruptcy works, and know what your options are. Filing for bankruptcy may be a positive development for your funds, you’re taking control of your future.

Teresa Giudice, 41, and her husband, Giuseppe – or Joe – Giudice, 43, face prison sentences and fines after pleading guilty before U.S. District Court Judge Esther Salas in federal court in Newark. Prosecutors said Teresa faces up to 27 months in prison, while her husband faces up to nearly four years, and possible deportation, because he is an Italian citizen. The Giudices have appeared in five seasons of the reality show on the Bravo channel, where they reveled in their …


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