If you're not running a sole proprietorship, lawsuits against your business aren't automatically “stayed” by your personal bankruptcy filing. In most instances, a bankruptcy filing, through the power of the automatic stay, halts any lawsuit against you and your business or prevents a threatened lawsuit from being filed in court. But there are a few…
Your corporation is considered a separate entity. Therefore, if you file personal bankruptcy it will not affect your corporation as a whole. However, if your personal shares of the corporation are considered your personal assets, those shares could be liquidated as part of your assets, and the proceeds from the sale would be used to…
Are your medical expenses out of control and leading you to consider bankruptcy? If so, you are not alone. At the top of the list of reasons people file personal bankruptcy, medical expenses are there. Increasing Medical Expenses can Lead to Personal Bankruptcy The average American's medical expenses have increased dramatically over the years. Many…