Filing for bankruptcy as a Limited Liability Corporation (LLC) may possess certain challenges than a typical bankruptcy case for other types of corporations. In Chapter 11 bankruptcy cases, the debts of the company are often...
Category: bankruptcy_blog
Medical debt is one of the leading contributors to bankruptcy filings. Healthcare options for many, especially the self-employed or small business employee are sparse, and their coverage for treatment can be severely lacking....
17 Jun, 2011
Minimum Wage May Get Another Boost
In 2007, the minimum wage was increased from $5.15 to $5.85 per hour, the first increase in over a decade. The intent was to facilitate job growth and lower the unemployment rate for less skilled workers. Last week, a group...
16 Jun, 2011
Habits That Make You Financially Healthy
Most people know the importance of maintaining their physical health, but many people fail to focus on ways to obtain a fiscally healthy lifestyle. When it comes to balancing a budget and managing money, most people don’t...
Creditors have many ways to collect on a debt. They may call your house, visit you in person, send letters of past due accounts or mark your credit report with delinquencies. At times, creditors may be able to garnish your...
