Anyone who deals with nonprofit organizations on a regular basis knows that one of the most time consuming aspects of achieving tax-exempt status is the filling out of IRS Form 1023 and subsequent waiting period. Few things are…more
Although the tactic does not receive much publicity, the filing of an involuntary bankruptcy petition against a business debtor can be an effective collection tool under the right circumstances. Learn the requirements and risks…more
What are a person's options when bankruptcy appears imminent but they do not want to stick a cosigner with a debt after that person was kind enough to help them acquire it? Here are some points to consider both inside and…more
A person who files a chapter 7 bankruptcy case must attend what is called a 341 Meeting, also known as a trustee’s meeting. Those who file under chapter 13 are required to attend a 341 meeting, as well, but may have to attend a…more
Bankruptcy can be a useful and necessary form of legal debt management. In most cases, the process is fairly straightforward and free of complication. However, the Bankruptcy Code has many traps for the unwary, both innocent and…more
While bankruptcy can be an effective and inevitable tool for those facing financial crises, it is not without its risks and should not be taken lightly. For those wishing to prevent bankruptcy, this article lists five…more
As any experienced home builder knows, the key to a quality, long-lasting home is creating a solid foundation. Similarly, it is important for any business owner to seriously examine the different types of business entities prior…more
When choosing a bankruptcy bankruptcy attorney, how can you be sure he or she has the legal knowledge and experience to safely guide you through the bankruptcy system? With so many bankruptcy attorneys to choose from these days,…more
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