There are many reasons a small business may wish to file for bankruptcy protection. Economic downturns, natural disasters and many other events beyond an owner’s control may cause a small business to fall into insolvency. Other events – for example, a wrongful firing suit by a disgruntled employee – can be just as devastating financially…Read more
Can I Keep Operating My Business If I File Bankruptcy?
In a recent discussion on our blog about what can happen when one member of a multi-member limited liability company (LLC) files for bankruptcy, we noted the continued growth in the popularity of LLCs over the past several decades. This growth has not been limited to multi-owner businesses. Most state LLC laws recognize single member…Read more
Can I File Bankruptcy If My Business Fails?
I often get calls from people who want to know if I can help them file bankruptcy for their business. After trying their best, for one reason or another their business plan just didn’t work out. Maybe they didn’t have enough capital. Maybe their household couldn’t survive on one income while the business got up…Read more