If I Operate a Business and I Filed for Bankruptcy, Am I Required to Stop Business Operation?

If I operate a business and I filed for Bankruptcy, am I required to stop business operation? The answer depends on who is filing for bankruptcy. If the bankruptcy filer is a corporation, limited liability company, or partnership, it must stop business operation immediately upon filing Chapter 7 Bankruptcy.  Corporation, limited liability company, and partnership cannot […]

Small Business and Chapter 7 & 13 Bankruptcy Overview

As the economy recovers, small businesses are still struggling under mounting debts incurred during the recession in Sacramento, Stockton, Fairfield, and Modesto, California.  If your small business is a sole proprietorship, you might be able to save your business through Chapter 7 or 13 Bankruptcy.  Under Chapter 7 Bankruptcy, you can wipe out your business […]