As a business owner, you may find your debt levels becoming unsustainable. You have started looking into your options and decided that you may need to declare bankruptcy. It is unclear if the debt can be addressed in any other manner. However, you are hesitant to do...
Finding out your business partner filed for bankruptcy can stop you in your tracks and flood you with worries about your company's future. The mix of emotions and uncertainties might leave you wondering about your next steps while trying to keep daily operations...
Cincinnati business owners must stay informed about recent changes to Ohio's commercial lease laws, especially when facing financial challenges. In early 2023, Ohio modified how it manages lease disputes in bankruptcy cases. These updates strive to create a fair...
As a business owner facing bankruptcy, you are worried about your existing contracts. These agreements represent more than just business transactions. They are commitments you have worked hard to establish. Now, as you navigate financial distress, you are probably...
As an Ohio farmer, you face unique financial challenges. Crop prices change, and the weather is unpredictable. When debts pile up, you might think personal bankruptcy is your only choice. However, you have other options, including Chapter 12 bankruptcy and debt...
Establishing a sole proprietorship is a cost-effective and straightforward way to set up a business. However, the legal ease of having no legal separation between you and your company also brings a significant financial risk. Sole proprietors bear personal...
As a small business owner in Ohio, managing financial struggles can be overwhelming. With debt piling up and creditors knocking on the door, the thought of bankruptcy may seem like a daunting reality. But what if there was a way to emerge stronger on the other side,...
Running a small business comes with its own set of challenges. Financial hurdles can sometimes seem impossible to overcome. But did you know that bankruptcy could be a strategic tool to help you turn things around? Bankruptcy is not just about shutting down; it is...
Owning and operating a business can be a demanding process and there may be various types of challenges owners might face nearly every day. However, few challenges may be as harrowing as encountering times of financial strain, as the outcome of such issues could have...
Many business owners may feel that creating a strategy to help mitigate financial risks could be vital to preserving the interests of their endeavors. Unfortunately, issues with debt can arise under a multitude of situations and sometimes there might be little one can...