Understand the financial consequences for a divorce when one party files for bankruptcy. Is filing a joint bankruptcy in both parties’ (and the attorneys’) best interest? Appreciate the difference between Chapter 7, 13 & 11 including what can be discharged. Learn when does filing of a bankruptcy stays a divorce proceeding and how can that stay be lifted.
Small business owners need to assess the viability of their business and, if unable to become profitable, consider closing the doors to avoid personal liability. We will review the bankruptcy and non-bankruptcy options available to small businesses to wind down their affairs, including the newly enacted Subchapter V Small Business Reorganization Act (SBRA). Congress created the SBRA to streamline the Chapter 11 process for small businesses.