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Does Business Debt Transfer with the Sale of the Company?

I recently spoke with a young man who had built a business from scratch, experienced a downturn in the industry that left the company overwhelmed by debt and unable to move forward with production expecting to make a profit. He felt his only recourse was to file bankruptcy on the small business. As the sole […]

Filing Bankruptcy Without Involving Your Spouse

In some instances, it makes sense for individuals to file bankruptcy as a couple. In other situations, it makes more sense to have one spouse filing for bankruptcy. Luckily, bankruptcy law allows spouses to file bankruptcy separately, but it’s impossible to keep a spouse completely “out” of the bankruptcy proceedings. When one spouse is filing […]