By Scott Riddle Posted in Chapter 11,Chapter 13,Chapter 7If you own a small business that is organized as a corporation or limited liability company you probably understand that you are generally not personally responsible for the business debts unless you agree to be responsible (for example, personal guarantees). However, one exception to the rule is personal liability for payroll taxes that should… Continue Reading
By Scott Riddle Posted in Bankruptcy Basics,Chapter 11,Chapter 13,Chapter 7Even if you have a lawyer in your Bankruptcy case, you may be curious about what pleadings and documents are actually filed in your case. Your lawyer will most likely send you copies of just about everything filed in the case, whether it is by your lawyer or another party in the case, and you… Continue Reading
By Scott Riddle Posted in Bankruptcy Basics,Chapter 11Lawyers who handle Chapter 11 Bankruptcy cases for small to medium size businesses, or individuals, usually address these questions in the initial conversation with potential clients. “How much is a Chapter 11 case?” “Why is it so expensive?” “I just want to stop the foreclosure/lawsuit/collection, then we can dismiss.” “Can’t I pay a little over… Continue Reading
By Scott Riddle Posted in Bankruptcy Basics,Chapter 11,Chapter 13,Chapter 7There are several types of Bankruptcy available for individuals, businesses and even governmental entities facing financial problems. Each type is identified by a Chapter number, based on its chapter in the Bankruptcy Code. This website primarily discusses individual (or consumer) Bankruptcy cases, which are primarily Chapter 7 and Chapter 13, and small business cases that… Continue Reading
