Category Archives for "FAQ"

Mar 17

What Do I Do If My Business Has Financial Problems

FAQ

One of the least asked questions startup entrepreneurs ask themselves is, “What will I do if the business has financial problems?”  There are lots of seminars and courses that talk about business plans, marketing, operations, and accounts receivable management, but rarely do these seminars or courses address how the entrepreneur should deal with financial difficulties.  […]

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Dec 22

Should I file BK If My Credit Card Company Fell Off the Map?

FAQ

I have not heard from the credit card company I owe for a long time.  Should I still file bankruptcy?   Probably not, although you should make sure that you could file a bankruptcy promptly if the need arises.  I spoke with a client earlier this week whose only significant debt is a single credit […]

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Aug 30

Can I Take Out Debt Before Filing Bankruptcy?

FAQ , General Bankruptcy

I attend a lot of seminars and educational programs dealing with bankruptcy and related issues.  Usually the information is valuable to my practice and to my clients, but I recently attended a seminar where an attorney stated to the audience that we should never advise our clients to incur debts while we are planning on […]

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Aug 16

Should I go Bankrupt?

FAQ

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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