The news of Detroit’s municipal bankruptcy – the largest ever – was a bit shocking when we first heard the news so many months ago. But as things have progressed, the continual news stories of various bland administrative goings on have desensitized us from the...
Mall Kiosk Mayhem
Mall kiosks. Every mall has them. But have you ever seen one that was packed with customers? Probably not. Whether you are hocking cell phones, piercing ears, or selling Christmas ornaments, turning a profit at a mall kiosk is a risky proposition. Here's the story of...
Judgments and Chapter 7 Bankruptcy
If you've had a lot of debt for a long time, there is a good chance there's at least one judgment against you when you file for Chapter 7 bankruptcy. Since you've gone to the trouble of filing for bankruptcy, you might as well eliminate your judgments along with the...
Radio Shack May Need Bankruptcy Protection
Have you ever wanted to build your own TV from scratch? Have you ever used precise electrical equipment to track down a blown capacitor and then rushed off to the store one Sunday afternoon to hurry up and replace it with a new one? Now your microwave is as good as...
Should the Owner of a Small Business File a Personal Bankruptcy? Part 3
One More Exception Even if your business has significant assets or inventory, you may still be able to file and not lose your business if you have a U.C.C. or other lien against it. If the trustee attempted to sell physical assets or business inventory, he would be...
Jet Now Executive Charter inc. Files for Bankruptcy Relief
A Scottsdale, Arizona executive charter jet company, Jet Now Executive Charter Inc., has just filed for Chapter 7 bankruptcy. Attorneys at bankruptcy law firms nationwide have seen an increase in the bankruptcies of companies that cater to wealthy individuals and...
Should the Owner of a Small Business File a Personal Bankruptcy? Part 2
How do I File a Personal Bankruptcy without Closing Up Shop? If your business has a lot of assets, usually it will have to close when you file for personal chapter 7 bankruptcy. The bankruptcy trustee will sell the assets of the business and use the money to pay your...
Should the Owner of a Small Business File a Personal Bankruptcy? Part 1
When you started your business, did you have the dream of being your own boss? Did you quit your old job working for one boss, only to find out that you now worked for every single customer, supplier, and business contact? Maybe you made some mistakes when you...
Are Farmers Headed for Bankruptcy
America’s Heartland has seen the worst drought in at least 50 years. Is the family farm done for? Will this be a bust for the farmer and a boon for the bankruptcy attorney? Where are all the Real Rainmakers Anyway? We keep hearing on the news about drought and crops...
Choosing the Proper Bankruptcy Attorney for Your Case Part 1
Don’t Pick the First one Who Comes Along If you were in desperate need of brain surgery, would you pick the first brain surgeon you could find, simply because his name makes him the first one on the list alphabetically? What if this brain surgeon just graduated last...