Category Archives for "FAQ"

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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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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