What Happens to My Business

Submitted by Attorney Tyler Martin It is a very common occurrence for someone to contemplate filing bankruptcy and ask the question, “What happens to my business?”  The answer to that question depends on the business and whether or not a

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Business Consequences in Bankruptcy

Submitted by Charles B. Sellers It is a very common occurrence for someone to contemplate filing bankruptcy and ask the question, “What happens to my business?” The answer to that question depends on the business and whether or not a

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BANKRUPTCY and ATTORNEY FEES

TEMPE AND MESA ARIZONA DIVORCE AND FAMILY LAW LAWYER DISCUSSES ATTORNEY FEES AND BANKRUPTCY ISSUES Submitted by Attorney Douglas C. Gardner The “American Rule” regarding attorneys’ fees is that generally each party will pay his or her own attorneys fees and

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Small Business Owners and Bankruptcy

Submitted by Attorney Pernell McGuire In today’s economy more and more small business owners are being forced to seek protection from creditors by filing bankruptcy.  In many cases, the small business owner has tax liability for payroll taxes and wants

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Reaffirmation Agreement

Submitted by Attorney Charles B. Sellers When a person files personal bankruptcy, they do so with the expectation that many, if not most of the prior debts will be taken care of in that bankruptcy and are no longer a

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Does Default Deter Bankruptcy?

Submitted by Attorney James McGuire Can I file bankruptcy if I am behind on my house payments? Clients often wonder whether they can file bankruptcy if they are behind on their house payments.  The short answer is yes.  However, which

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Chapter 11- Not Just for Corporations Anymore

In the past, Chapter 11 of the Bankruptcy Code has been used primarily by corporations hoping to reorganize and stay in business.  However, with the real estate market downturn, more individuals have taken advantage of Chapter 11 to reorganize and

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