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Bankruptcy for Small Business Ow... - Stephen Elias, Bethany Laurence

Bankruptcy for Small Business Owners: How to File for Chapter 7

Stephen Elias, Bethany Laurence
Nolo , English
6 ratings
Buy Now at Amazon

Wipe out business debts and get a fresh start!

Small businesses are failing at record rates, and business bankruptcies are on the rise; more than 43,000 were filed in 2008-up 53% over the previous year.

Bankruptcy for Small Business Owners helps small businesses assess the financial condition of their business, determine whether they should declare bankruptcy, and offers step-by-step instructions for completing all of the bankruptcy forms and filing them in court. It covers:

  • what business debt and assets (if any) would be impacted by bankruptcy
  • bankruptcy options: Chapter 7, Chapter 13 and Chapter 11, and the eligibility factors and downsides of each
  • "look back" requirements (periods of time during which personal or business actions have created impediments to filing for bankruptcy)
  • automatic stays
  • valuation of business assets (including good will & intellectual property) and shares
  • exemptions
  • what happens when there is personal liability for a house
  • and more.

    For businesses that are under water and don't want to spend money on a lawyer they can't afford, this book provides all the information they need to handle their own bankruptcy filing.

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