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

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

• Used Book in Good Condition

Wipe out business debts and get a fresh start!<br><br>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.<br><br> <i>Bankruptcy for Small Business Owners </i>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: <br><br> <li>what business debt and assets (if any) would be impacted by bankruptcy<br> <li>bankruptcy options: Chapter 7, Chapter 13 and Chapter 11, and the eligibility factors and downsides of each<br> <li>"look back" requirements (periods of time during which personal or business actions have created impediments to filing for bankruptcy)<br> <li> automatic stays<br> <li>valuation of business assets (including good will & intellectual property) and shares<br> <li>exemptions<br> <li> what happens when there is personal liability for a house<br> <li>and more.<br><br> 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.