Business laws regulate entities like corporations, partnerships, and sole proprietorship. Whether it is about setting up a new business, operating an existing business, closing a business, arranging finance for it, dealing with the tax issues, or declaring it as bankrupt, there are certain sets of laws that apply. If you are not well aware of the laws work in different situations, you may end up putting yourself in a serious trouble.
Chapter 13 Bankruptcy – The Basics
June 25, 2010 By
Chapter 13 bankruptcy is also known as “wage earner plan”. It is different from chapter 7 in a sense that it allows the debtor to continue with its existing venture. The bankruptcy court provides an opportunity to the debtor to reorganize their finances while paying off the reduced claims of the creditors simultaneously.
Business Bankruptcy Attorney: Specialized Legal Professionals For Business Cases
June 25, 2010 By
A business bankruptcy attorney is a specialized legal professional who provides legal help to businesses to deal with the various bankruptcy situations. Here, it is very important for you to understand that getting into a bankruptcy state does not mean that you have definitely lost your business and there is no way to get it back to the path of profit.