(US Business Bankruptcy Laws) When your company is in financial distress, filing for a Chapter 11 or Chapter 7 bankruptcy may be in your best interest. Bankruptcy does not need to be something that strikes fear into your company, because it can actually provide your business with the opportunity to
In the United States, firms, individuals, and married couples are all eligible to file for bankruptcy, if they fail to meet their debt commitments. There are four filings in the Fed Bankruptcy Code such as Chapter 7, Chapter 11, Chapter 12, and Chapter 13. Chapter 7 stands for liquidation and
The rising cost of healthcare is making it expensive for regular people to seek out medical services. Even if health insurance has been purchased, many companies will pay for specific services to a certain dollar amount, or about 60 percent of bills, and leave the rest to the patient. Many
(US Law) On occasion, I will see a potential client who is not a good candidate for a bankruptcy filing. For example, the potential client might fail the “means test” imposed by § 707 of the federal bankruptcy code. Or, a bankruptcy filing will not solve the potential client’s major
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