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Small Business Bankruptcy Archives

Be sure to take lessons away from a bankruptcy

Think of Chapter 13 bankruptcy as a business mulligan. Some tremendously successful figures in U.S. history have declared bankruptcy, including our current president and the president widely considered to be among the best ever. Abraham Lincoln had to repay creditors over a period of 17 years after a general store he co-owned failed.

Out Of Court Reorganziation

I just finished helping a Southern California business wind down its affairs and resolve matters with its creditors without a bankruptcy filing.  The creditors did far better than they would have in a bankruptcy.  We created a soft landing for the business, its owners and its creditors.  Did so using a technique I created and have used multiple times with great success.  If your business is having financial challenges, hiring an  experienced and creative debt restructing lawyer can make all the difference in the world and save you many sleepless nights.

Cash flow management is key to small-business success

The long-term health of any business revolves around cash flow – what money comes in and what goes out. Ideally, more comes in than goes out over the long haul, but there inevitably will be periods where that is not the case.

Look Before You Leap Into A Merchant Cash Advance

Small business owners often find themselves in need of a quick influx of cash to keep the doors open. In this situation, many hear about a merchant cash advance (MCA). This is a one-time financing strategy in which a business receives a lump sum that can, on the surface, appear to be a lifesaver.

What Business Owners Don't Know About Overtime Laws Can Hurt Them

Entrepreneurs may be oblivious to how long their work day is, but they can’t be as dismissive of their workers’ hours. Here are four important laws regarding overtime in California that every business owner – and their managers – should know.

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