Monthly Archives: January 2013
The best New Year’s resolution for improving your life: Find out your legal options for tackling your debts, and then act on what you learn.
When the sole proprietor of a just-closed business files a personal Chapter 7 bankruptcy case, the trustee may or may not have assets to liquidate and distribute to the creditors. If not, the case will more likely be finished faster. But if the trustee does collect some assets, there can be some bigger advantages in […]
If you expect to owe 2012 income tax, you may be able to take care of it simply by paying less to your other creditors.
Using a Chapter 7 case to clean up after closing down your business will be easy or not depending largely on three factors: business assets, taxes, and other nondischargeable debts. These three will usually also determine if you should be in a Chapter 7 case or instead in a Chapter 13 one. Once you’ve closed […]