A misconception exists around many of those in Salem who choose to seek bankruptcy protection. Many seem to believe that bankruptcy filers are limited to those few people who simply cannot manage their money well. However, statistics seem to refute that assumption....
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Month: February 2016
What is a debtor-in-possession?
If you own or share in the ownership of business in Salem that is facing seemingly insurmountable debt, bankruptcy is often your best option at being able to resolve those liabilities while still being able to save your company. However, if your business is...
Finding tax debt relief
With the commencement of a new year comes the time for Salem residents to start thinking about taxes. Those who are deeply in debt may count tax debts and penalties among their liabilities. The perception of the Internal Revenue Service as being unmerciful in cases of...
Lawsuit, lost contract drive TV repair company into bankruptcy
Many companies in Salem may have the resources needed to fight against litigation. However, small businesses often find themselves driven deep into the debt when trying to defend themselves from lawsuits. While vindication may ultimately come in court, the money spent...
