About one in twelve businesses close each year. Closing a business is a tough decision that requires you to take several steps. You cannot simply walk away and abandon the company. You need to limit your potential for liability moving forward. To do this, you need to do these six things. 1. Seek Out Legal Advice Before [...]
When you face the prospect of foreclosure, it’s important to understand your rights. Not only will it help you move forward, but it can also help ease a great deal of anxiety. When You’re Served Foreclosure Court Papers If a lender starts a foreclosure lawsuit against you, you’ll receive court papers. Typically, the sheriff will [...]
What Is Bankruptcy? Bankruptcy is a method--put in place by federal law--for individuals and businesses to discharge their debts. Bankruptcy can be confusing as certain kinds of debts cannot be discharged, while other kinds may only be disposed of subject to special terms and conditions. If a person can prove that they are bankrupt, however, [...]
