Bankruptcy Your Only Option?

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A business owner inquired whether he had to file bankruptcy for his corporation to avoid personal liability for the company’s debt, or whether there were other options to closing out the company.  The company had few assets remaining, with a value of $20,000, and a tax debt for payroll taxes of $25,000, contributions due to …Read more

Options for Creditor in Bankruptcy Case

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This is the second in a series of posts, where we will look at various options for the creditor in a bankruptcy case.  These are just designed to let you know what remedies might be available to you. Regardless of what type of bankruptcy was filed, you must immediately cease any and all collection efforts …Read more