Ask Bankruptcy Attorney in Sacramento Stockton Fairfield CA – Small Business Bankruptcy
Small Business Bankruptcy has become a much discussed topic recently at my office. COVID-19 causes many small businesses to lose revenues and accumulate debts. Filing for small business bankruptcy may be an option you should consider. Small Business is a Sole Proprietorship If your small business is a sole proprietorship, you have the option to […]
If I Operate a Business and I Filed for Bankruptcy, Am I Required to Stop Business Operation?
If I operate a business and I filed for Bankruptcy, am I required to stop business operation? The answer depends on who is filing for bankruptcy. If the bankruptcy filer is a corporation, limited liability company, or partnership, it must stop business operation immediately upon filing Chapter 7 Bankruptcy. Corporation, limited liability company, and partnership cannot […]
Small Business and Chapter 7 & 13 Bankruptcy Overview
As the economy recovers, small businesses are still struggling under mounting debts incurred during the recession in Sacramento, Stockton, Fairfield, and Modesto, California. If your small business is a sole proprietorship, you might be able to save your business through Chapter 7 or 13 Bankruptcy. Under Chapter 7 Bankruptcy, you can wipe out your business […]