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Detroit's Recovery After the Largest Municipal Bankruptcy Filing in History

Detroit’s Recovery After the Largest Municipal Bankruptcy Filing in History

When any city or municipality files for bankruptcy, it can raise eyebrows within the state since we expect our local governments to operate somewhat efficiently. But when a major metropolitan entity like Detroit files, the entire country takes note and experts argue and search...
Determining the Right Type of Debt Relief for Your Los Angeles Business

Determining the Right Type of Bankruptcy Relief for Your Los Angeles Business

It takes money to make money is a popular phrase in the business world, but when the second half of that saying is not coming true when it needs to happen, it might be time to think about debt relief options. Bankruptcy might be the answer you are looking for. The Truth About Los...
Rebuilding Your Credit After Chapter 7 and Chapter 13 Bankruptcy

Rebuilding Your Credit After Chapter 7 and Chapter 13 Bankruptcy

The stock market crash of 2008 affected over 50% of Americans, and left at least 10% of Americans unemployed. Don’t be ashamed if you are one of the many Americans still affected by the recession. In these difficult times, it is not surprising if you find yourself unable to meet...
The 5 Biggest Celebrity Bankruptcies

The 5 Biggest Celebrity Bankruptcies

Celebrities and other famous people have been taking advantage of the federal bankruptcy laws for centuries, many of whom may never have been suspected by the average American. For instance, Abraham Lincoln, Mark Twain, Ulysses S. Grant, Larry King, Donald Trump, Burt Reynolds,...
Giving-Your-Business-a-Fresh-Financial-Start-After-a-Chapter-11-Bankruptcy.

Giving Your Business a Fresh Financial Start After a Chapter 11 Bankruptcy

About 50% of businesses fail in their first 5 years according to Gallup, although a Forbes analysis put the failure rate as high as 80% for new businesses within their first 18 months. Regardless, these figures should not discourage anyone from starting one or even continuing...
Why so many Solar Companies Are Going Bankrupt

Why so many Solar Companies Are Going Bankrupt

Tesla founder Elon Musk recently unveiled a new system of batteries for businesses and homes that he claims will “fundamentally change the way the world uses energy.” The solar industry of tomorrow has indeed seen a big launch in the 21st Century, and big companies like SolarCity...
Discharging Debts by Filing for Chapter 7 Bankruptcy

Discharging Debts by Filing for Chapter 7 Bankruptcy

Mark Twain (1894), Francis Ford Coppola (1990), Walt Disney (1923), Ulysses S. Grant (1884, after office), Larry King (1978), Stan Lee (2001), Tom Petty (1979), Mickey Rooney (1962). What do all of these successful celebrities have in common? They each filed for bankruptcy and it...
What Happens to My Company if It Makes No Money?

What Happens to My Company if It Makes No Money?

Making money for your business is, of course, the goal of any company; otherwise, why go into business at all? But many companies struggle in their first year or two of existence until their marketing efforts begin to pay off and customers come to appreciate their product or...
What Happens to Investments During a Corporate Bankruptcy

What Happens to Investments During a Corporate Bankruptcy

Bankruptcy is a very complicated area of law for any entity, but especially for a corporation.  A corporation functions with officers, board of directors, shareholders, and other investors.  Allocating debt and assets will become a complex task.  What happens to your investments...
How A Bankruptcy Attorney Can Help You Restructure Your Business

How a Bankruptcy Attorney Can Help You Restructure Your Business

Consulting and retaining a bankruptcy attorney will provide advice and direction that can help reorganize a business in financial distress.  A bankruptcy attorney will help you decide which type of bankruptcy filing is best for your business.  Businesses in financial despair will...