As a creditor, you do have rights, beginning with the right to challenge a debtor's right to discharge your debt. If the debtor is declaring Chapter 11, 12 or 13, you have a right to be heard in court regarding the debtor's liquidation and restructuring plan. And you may share in the distribution from the bankruptcy estate.
There’s Life After Bankruptcy for Small Businesses
Every entrepreneur launches a business with confidence it will succeed. Unfortunately, not all do. The Small Business Association (SBA) reports that three out of 10 small businesses fail within the first two years; half fail within the first five years and more than 6 in 10 (66 percent) fail within 10 years of opening.
Bolster Your Company’s Credit Score
Strong credit is important to businesses just as it is personal finance – maybe even more so. Banks put an emphasis on the creditworthiness of companies when making decisions about small business loans. If your company’s credit score is not as strong as you would like, there are ways to improve it in short order.
How scaling missteps can impact your business
Your start-up idea immediately caught on with investors, and initial sales are starting to go through the roof. Congratulations are in order right? Of course! However, you need to keep up with your exponential success by paying attention to scaling your business.
Reasons for business reorganization
There are times, for a variety of reasons, that a business needs to reorganize in one way or another to maintain optimal functionality. Here are some reasons why it can be advantageous to restructure your enterprise.
Will the Supreme Court end tax-free online shopping?
A controversial topic for years, the question whether to legislate mandatory tax collection for all online purchases has come to the forefront once again. Dissatisfaction on the part of local retailers and state governments who feel that they have unfair competition and smaller coffers respectively has fueled the latest visitation on this topic.
Navigating business debt and a lease
Commercial evictions can occur in much less time than a residential eviction. If you start falling behind on the rent on your business location, you need to work fast. You will need to take a thorough and honest look at your business, its daily operations, prospects and the ability to bring more capital to the table.
Unsecured business debt
There are many different ways that creditors can attempt to collect on outstanding debt. Here are some of the ways they can collect on unsecured business debts.
Give me a break!
What’s the big deal about work rest periods? Two 10-minute breaks during an eight-hour shift may seem like an insignificant amount of time, but it does add up.
5 Common reasons for business bankruptcies
Owning your own business is a demanding endeavor. It takes intelligence, perseverance and some luck as well. Just as there are many reasons for business success, there are reasons for difficulties in the pursuit of entrepreneurial gain. Here are five common reasons why a business may head toward bankruptcy.
