Category: Business

Bankruptcy and Business: What You Need to Know Clarkgym2 Comments


Struggling with finances is something that many businesses have dealt with throughout the company’s life, but sometimes debts pile up to the point where a company may have to file for bankruptcy.

If your company is struggling with your finances and you can’t seem to get out from underwater, bankruptcy may be the best possible option for you. According to, “Bankruptcy is a legal proceeding in which a person who cannot pay his or her bills can get a fresh financial start.”

What this means is that filing for bankruptcy doesn’t necessarily have to destroy your business or your dreams of owning a business. Instead, it can provide you an opportunity to put the past behind you and start new—with better financial management.

So if you’re considering filing your business for bankruptcy, here are a few things you first need to know.

Chapter 7 Bankruptcy

Filing for Chapter 7 bankruptcy is one option you have as a business owner. You can either file Chapter 7 for your business, or you may have to file for Chapter 7 personally, depending on if you are the sole propitiator of the business or not. With Chapter 7, the business’s trustee…

This entry was posted in Business, and tagged Clarkgym2 Comments
By : Adam | 20 Nov 2014
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Top Reasons You Should Get a Business Appraisal

By : Adam | 18 Nov 2014

Every business owner wants to be successful, and some make the mistake of assuming that the bottom line in their accounting software is all the proof they need to determine just how well the company is doing and how much it’s worth. But this isn’t …

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The Business of Coffee: 10 Surprising Financial Facts

By : Adam | 17 Nov 2014

The global industry of the coffee trade is quite large. Coffee is more popular than ever, no other beverage is more revered or respected than our trusty cup of joe. Coffee is a $60 billion dollar industry, produced by third world nations and consumed by …

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Sustainable Business Practices Improve the Bottom Line

By : Adam | 13 Nov 2014

Sustainability is a term that centers around efficient business practices. Most people attribute it to the definition of “green” practices or eco-friendliness. However, sustainable business practices go beyond saving the planet as it can also save your business. Waste Reduction Keeping the waste reduced in …

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3 Things Every Successful Marketer Needs to Know

By : Adam | 6 Nov 2014

Whether you’re trying to sell a product or a service, you need to show a memorable brand, know who your customers or clients are, and offer them a way to get to know you. Branding Why You Need It Good or bad, you will become …

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Benefits of a Virtual Office

By : Adam | 4 Nov 2014

In today’s virtual world, it’s surprising that there are still brick-and-mortar stores and offices still in existence. With the modern technology, it seems as if almost every business can ditch the real office and instead opt for a virtual office. Some business owners have already …

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Do You Really Need a Meeting Room?

By : Adam | 30 Oct 2014

For small businesses and those who have recently started up, presenting to potential customers and partners is essential. But having a dedicated meeting room is an infeasible expense for most fledgling companies. In an age where cost-saving cloud-based communication platforms like Skype are readily available, …

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