For businesses in Salem struggling with debt, the best course of action to resolve those debts while still maintaining ongoing operations may be to seek bankruptcy protection. Businesses in such a situation that are considering bankruptcy may think that there options...
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Month: July 2016
How is a commercial lease handled in your bankruptcy case?
If your Salem business is drowning in debt, a Chapter 11 bankruptcy may be your ticket to continuing your operations without the threat of legal action from your creditors. However, if you do choose to stay in business, one important decision may need to be made: how...
Dealing with a loss or reduction of income
For many years, a stigma may have surrounded personal bankruptcy as being a tool used only by the fiscally irresponsible. Many of those that come to see us here at The , however, may be average Salem residents looking for debt relief...
Creditors petition to force Christian Laettner into bankruptcy
Most in Salem may assume that the decision to file for bankruptcy is a personal one. However, if certain conditions are met, one’s creditors could attempt to force him or her into bankruptcy. Typically, one or more creditors will file a petition of bankruptcy...
