Category Archives: Business Bankruptcy

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Bankruptcy: Do I Have to Liquidate My Business?

Filing for bankruptcy is a difficult time for anyone, especially if it results in the loss of a business. Many business owners wonder if filing for bankruptcy does, in fact, mean the liquidation of their business. The answer varies from situation to situation based on a multitude of factors. Generally, it comes down to a……
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I Took Out a Business Loan in New Jersey. Can It Be Discharged in Bankruptcy?

Taking out lines of credit can expose you to problems down the line if you’re unable to pay that credit back. Credit cards, for example, are some of the most commonly discharged issues inside a bankruptcy case. However, many people have questions about what happens to a business loan that they took out to start……
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Small Business Debt

Plenty of people have the dream to become an entrepreneur and own a small business. Unfortunately, however, those who accumulate a great a deal of debt in order to have the business didn’t realize the consequences of having that debt that would lead into many years in the future. Many small business debtors have delayed……
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Sears Seeking to Stave off Bankruptcy

Sears has been working hard to stave off bankruptcy and the closing of the iconic company from finding ways to cut costs and find value in the assets that remain. One such asset is Kenmore, their private label appliance brand. However, with Sears many closing stores across the nation, they’ve tried to find ways to……
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Mountain Creek Filing for Bankruptcy

A popular attraction in New Jersey is filing for bankruptcy. They are working towards getting a Chapter 11 bankruptcy to allow them to get out from under their debt while still operating the business. This move will help them to restructure the debt, and make it possible to keep the resort open. Mountain Creek offers……
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