The Small Business Owner's Guide to Bankruptcy : Know Your Legal Rights, Recover From Mistakes, and Start Over Successfully

Money problems don’t have to mean the end of your business Understand your legal rights- Learn to use bankruptcy laws to save your business Many small business owners make decisions that prevent them from using the bankruptcy laws to save their businesses, homes or other property. The Small Business Owner’s Guide to Bankruptcy provides the information you need to avoid those kinds of mistakes. --Gives general background information for all small business owners --Reasons for money problems; the collection process --Types of bankruptcy and their alternatives --Myths about bankruptcy --Do’s and Don’ts of filing for bankruptcy --Explains the types of bankruptcy and filing steps --Chapter 7 --Chapter 11 --Chapter 13 * Discusses business after bankruptcy --Keeping your business alive --Rebuilding your credit --Working with banks If small business bankruptcy is on your mind, you may be experiencing a few sleepless nights. Rather than reaching for the sleeping pills, stay up with this clear, brief and sympathetic introduction to bankruptcy laws and how they function. The authors, attorneys Wes and Wendell Schollander, walk the small-business owner through a typical bankruptcy, pointing out the traps to avoid. You do not need to read it from cover to cover since most chapters stand alone. Although that results in some repetition, getAbstract recommends this book both to small business owners in a financial jam or those who are worried they might be, and to anyone who wants to understand bankruptcy basics without paying for a single billable hour of attorney time This book gives a general overview of the financial challenges that need to be addressed by the small-business owner. Various business organizational structures are available to prevent personal liability in case of a failure. Bankruptcy is also discussed as it relates to debt, judgments and the classification of property. Specific sections explain the differences between Chapter 7 and Chapter 13 and also discuss ways the owner can recover financially and rebuild a credit rating. All information includes recent changes in the bankruptcy laws