Showing posts with the label bankruptcyShow all
When Should You File For Chapter 7 Bankruptcy In California?

When Should You File For Chapter 7 Bankruptcy In California?

Li - August 08, 2022

In the United States, Chapter 7 bankruptcy is a potent legal weapon that lets you completely wipe off various debts, including credit card debt, medical debt, car loans, and payday loans. It's more common than you think, so you shouldn't be afraid to file for bankruptcy if necessary. That said, there are limitations. For example, not all debts can be forgiven in a Chapter 7 bankruptcy. Therefore, you want to make sure you're making the best decision possible by learning about what declaring bankruptcy means and how it can affect yo…

How Will Bankruptcy Affect Your Los Angeles Business?

How Will Bankruptcy Affect Your Los Angeles Business?

Li - August 05, 2022

Business owners dread bankruptcy. However, it is often a vital business (and legal) decision you must make. One of the biggest concerns about filing bankruptcies is how they might affect a California business. The effects of bankruptcy will vary depending on the type of bankruptcy you're filing for and the business's organizational structure. That's why most business owners and partners seek guidance from accountants and  California bankruptcy lawyers  before proceeding. So, let's look at the different ways bankruptcy can affec…