How bankruptcy works

The idea of bankruptcy has been around for a very long time. The basic idea of how bankruptcy works has been around as long as history itself you can even read about the concept of bankruptcy in the Bible.  So its not surprising that millions of Americans file for bankruptcy protection every year.  This idea… Continue reading How bankruptcy works

Bankruptcy to remove student loans

It is commonly said that student loans are impossible to remove through filing for bankruptcy. However, that is not always true. It is a common misconception about bankruptcy. To remove student loans through a bankruptcy, it is not an easy process but it is possible. There are a few criteria that you have to meet… Continue reading Bankruptcy to remove student loans

Bankruptcy for LLC

If your business is organized as a corporation or a limited liability company (LLC), your personal assets are usually protected from business creditors –unless you specifically gave up your so-called “limited liability” protection. Unfortunately, you may have done so if the bank or other creditor required a personal guarantee and/or personal security before loaning you… Continue reading Bankruptcy for LLC