Aug 16

Should I go Bankrupt?

Blog , Declaring Bankruptcy , FAQ , General Bankruptcy

No one answer fits all people or all situations.  Like everything else, bankruptcy has both costs and benefits which should be evaluated.  Know the effects of a bankruptcy before proceeding.  There are, though, some fairly common questions which can help you assess whether you should further explore bankruptcy options: Do you only make minimum payments […]

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Aug 12

Gun Trust for Asset Protection

Blog , General Bankruptcy

Asset protection is not just about protecting your home, family heirlooms, and personal wealth.  You may want to consider whether a gun trust would be helpful for protecting your firearms.  Gun trusts are generally used for holding NFA firearms:  Short barrel rifles, short barrel shotguns and suppressors. A gun trust can make it easier to […]

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Jul 29

Debt and Shame

Blog , General Bankruptcy

Men are from Mars. Women are from Venus. But both men and women generally feel bad about carrying debt and not being able to pay it.  Most of us are brought up to pay our debts.  Our religious or moral code may reinforce this.  Above all, people feel embarrassed if anyone knows that their debts […]

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Jul 15

Can I Sell My Equipment or Livestock and Use the Proceeds to Stay in Business?

Chapter 12 Bankruptcy , FAQ , Farm & Industrial , Financial Problems

“Can I sell my equipment and use the proceeds to stay in business?” is a fairly common question we receive from business owners.  Similar questions come from farmers asking about the sale of livestock or feed.  The answer requires an analysis of the security agreement for the assets. That agreement describes the terms of the […]

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