Bankruptcy for Small Business Owners

Bankruptcy for Small Business Owners

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Use Chapter 7 bankruptcy to wipe out your debts! Bankruptcy for Small Business Owners has the strategies and solutions you need to assess the financial condition of your business and determine whether you should declare bankruptcy to get rid of your debts. Learn about: what business debts and assets (if any) are affected by your bankruptcy bankruptcy options and the eligibility factors and downsides of each qlook backq requirements -- periods of time during which personal or business actions have created obstacles to filing for bankruptcy the automatic stay and putting a stop to collections efforts valuation of business assets, including good will and intellectual property exemptions that protect a small business owner's property what happens to a house in bankruptcy Find out which forms you need to fill out, plus get all the instructions you need to file them in court. Keep as much of your property as possible and tackle debt so you can move on to your next venture with Bankruptcy for Small Business Owners.For example, if you own a used car outright, you will be able to keep it if the cara#39;s value is within the vehicle exemption in your state. If your car is worth $5, 000 and the exemptions you are using protect equity in a car up to $5, 000, you can keep the car. on the other hand, ... and pay you your $10, 000 exemption amount, but your remaining equity (less the costs of sale) would be used to repay your creditors.

Title:Bankruptcy for Small Business Owners
Author: Stephen Elias, Bethany K. Laurence
Publisher:Nolo - 2010-03-15

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