Business Bankruptcy: Frequently Asked Questions

What is the difference between chapter 7 and chapter 11 bankruptcy? Businesses usually have a couple of choices when it comes to filing bankruptcy. Chapter 7 bankruptcy is reserved for companies that are struggling so badly they want to throw in the towel. These companies are liquidated, and all assets (and proceeds from assets) are distributed between…

Estate Planning: Why it is important?

Estate planning involves planning for your death as well as your life upon mental incapacity. Despite its importance, it is often overlooked. Statistics show that more than 50% of adults in America do not have an estate plan at the time of their death or incapacitation. Without an estate plan, you are leaving it up…