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The True Cost of a Merchant Cash Advance

The True Cost of a Merchant Cash Advance

Merchant Cash Advances: What Every Business Owner Should Know When cash flow becomes tight, every business owner starts looking for solutions. Payroll is due, inventory needs to be purchased, equipment breaks, or an unexpected opportunity requires immediate capital....
Chapter 7 Bankruptcy — What Creditors Should Know

Chapter 7 Bankruptcy — What Creditors Should Know

When an individual or business files for Chapter 7 bankruptcy, the case begins with a detailed financial disclosure submitted to the Bankruptcy Court. The purpose of the filing is to obtain a discharge of qualifying debts, which permanently eliminates the debtor’s...
What to Know about Filing Chapter 7 Bankruptcy

What to Know about Filing Chapter 7 Bankruptcy

              Chapter 7 bankruptcy, the most common type of bankruptcy filing, is a liquidation for a person or business. The petition (bankruptcy) filing asks the bankruptcy court to grant the debtor (person filing the bankruptcy) a discharge. The discharge is a...
What is Automatic Stay in Bankruptcy?

What is Automatic Stay in Bankruptcy?

THE AUTOMATIC STAY PROTECTION START WHEN THE CASE IF FILED  The automatic stay is a prohibitive injunction that prevents collection efforts by creditors after the filing of a bankruptcy case. In plain English, this stay legally prevents creditors from calling,...
Wind Up: Closing your Business

Wind Up: Closing your Business

During tough times, many business owners decide to wind up their existing business to move onto other opportunities rather than keep operating a business at a loss. Some reasons for closing or winding up a business may include, but are not exclusive to, the following:...
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