BK Mistake #2: Repaying Some Debts, Ignoring Others
The US Bankruptcy Code is designed to protect both debtors and creditors. The court will not allow you to pick and choose which debts are worthy of repaying and which are not.
BK Mistake #1: Maxing out Credit Cards
When filing bankruptcy, be mindful of how you use your credit cards and other accounts. Don’t let frivolous spending jeopardize your chance to wipe out debt and get a fresh start.
Chapter 7 Bankruptcy and Your Small Business
If you're like most small business owners, you opened your doors to provide a service or a product you feel adds value to your customers' lives. You've poured your heart and soul into your work over the years and never considered the day you'd think about closing your doors and cutting your losses. We know.…