Bankruptcy for Small Business Owners: How to File for Chapter 7

Overview

Use Chapter 7 bankruptcy to wipe out your debts!

Bankruptcy for Small Business Owners has the strategies and solutions you need to assess the financial condition of your business and determine whether you should declare bankruptcy to get rid of your debts. Learn about:

 what business debts and assets (if any) are affected by your bankruptcy bankruptcy options and the eligibility factors and downsides of each "look back" requirements — periods of time during which ...

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Overview

Use Chapter 7 bankruptcy to wipe out your debts!

Bankruptcy for Small Business Owners has the strategies and solutions you need to assess the financial condition of your business and determine whether you should declare bankruptcy to get rid of your debts. Learn about:

 what business debts and assets (if any) are affected by your bankruptcy bankruptcy options and the eligibility factors and downsides of each "look back" requirements — periods of time during which personal or business actions have created obstacles to filing for bankruptcy the automatic stay and putting a stop to collections efforts valuation of business assets, including good will and intellectual property exemptions that protect a small business owner's property what happens to a house in bankruptcy

Find out which forms you need to fill out, plus get all the instructions you need to file them in court. Keep as much of your property as possible and tackle debt so you can move on to your next venture with Bankruptcy for Small Business Owners.

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Product Details

  • ISBN-13: 9781413310801
  • Publisher: NOLO
  • Publication date: 4/2/2010
  • Pages: 593
  • Product dimensions: 8.44 (w) x 10.86 (h) x 1.23 (d)

Meet the Author

Stephen R. Elias is an attorney and former associate publisher at Nolo, as well as current President of the National Bankruptcy Law Project. He is the author of many Nolo books, including recently The New Bankruptcy. Other titles include Special Needs Trusts and How to File for Chapter 7 Bankruptcy. He is also one of the original authors/designers of Nolo's bestselling WillMaker software. Steve holds a law degree from Hastings College of Law and was a practicing attorney in California, New York and Vermont before joining Nolo. He has been featured in such major media as The New York Times, The Wall Street Journal, Newsweek, Good Morning America, 20/20, Money magazine, and more.

Bethany K. Laurence joined Nolo as a legal editor in 1997. She holds a law degree from University of California, Hastings College of the Law, a B.A. degree from Boston University (Phi Beta Kappa, magna cum laude), and is a member of the California State Bar. Laurence has combined her legal and financial expertise to edit many Nolo small business books over the years. She is the co-author of Business Buyout Agreements: A Step-by-Step Guide for Co-Owners. Before joining Nolo, Laurence worked as an electronic product developer at CCH, Inc. (a division of Wolters Klewer, Inc.), where she created legal online and CD-ROM products. Over the last decade she has been active on the board of directors of several local environmental and educational nonprofit organizations.

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Table of Contents

Chapter 1: Assessing Your Debts and Your Business

Chapter 2: Is Bankruptcy the Solution You Need?

Chapter 3: An Overview of Chapter 7 Bankruptcy

Chapter 4: Look-Back Requirements

Chapter 5: The Automatic Stay

Chapter 6: Your Property and Bankruptcy

Chapter 7: Your House

Chapter 8: Secured Debts

Chapter 9: Preparing & Filing for Chapter 7 Personal Bankruptcy

Chapter 10: Handling your Personal Chapter 7 Case in Court

Chapter 11: Understanding the Chapter 7 Discharge

Chapter 12: Other Resources

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