Your business is struggling. You're working countless hours and facing unmanageable debt. You're ready to throw in the towel but you're concerned about personal damage control. How can you shut down your business without being pulled down with it? Let me assure you, it can be done. While your situation seems bleak on the surface,…
For the past 5 years, Ken has been operating Convenient Car Care as a sole proprietor. He bought the business from Gary after working for him for 10 years. The purchase contract required Ken to pay Gary $1,000 per month plus 5% of the shop’s gross receipts for 7 years. Ken also agreed to provide…
When a debt is discharged in bankruptcy, it does not have to be repaid — but not all debts can be discharged. Keep reading for a list of debts you can discharge in bankruptcy.
Bankruptcy cannot be used to discharge past due child support, alimony payments or any other form of spousal support. However, there is one way bankruptcy can help you catch up your child support and alimony payments.