Chapter 7 Bankruptcy
What is Chapter Seven bankruptcy? This is also known as the straight bankruptcy or liquidation. This is used when you no longer have the capacity to settle your debts from the income you have.
The is a whole variety of reasons why you are unable to the pay your debts the most common being that you have lost your employment, the business is not doing so well, you have recently had to pay high medical bills etc.
Individuals as well as businesses can use chapter 7 bankruptcy and the reason …

A lawyer is one of the first professionals a business will hire, but often they are the most under used for their advisory services. Most business use lawyers when there are problems, law suit under employment law, product liability, personal liability. A lawyer acts in your best interest, but it would be helpful if the business or at least their managers knew a few things about the legal side of business.
Mr/Mrs Know it all!!!
Admittedly, to own and run your own business you need to know a lot. However, you can’t …