Author Archives: Jay Butchko
4 Reasons Why Wills Are Contested
One of life’s necessary but unpleasant topics to think about and act on is end-of-life planning. Contemplating about one’s own demise or that of a loved one is not a pleasant subject, but establishing an estate plan is a critical action that individuals should do while they are in good health to better ensure… Read More »
Alternative Considerations To Chapter 11 Bankruptcy
Chapter 11 bankruptcy will not work for all companies and may not even be an option for others. When Chapter 11 bankruptcy is suitable, corporations that have assets, as well as debt, can aim to make changes to their operations and reorganize. The benefit of Chapter 11 bankruptcy is that the company can be… Read More »
Will You Be Personally Responsible For Paying Business Debt?
Mounting debt whether it be personal or business is not ideal and can make life much more stressful. When you own a business you and you accrue debt it is incumbent that you pay it off. However, if your business is not bringing in enough money to pay your debt, you may be wondering… Read More »
Can You Get A Business Loan After Bankruptcy?
Being a successful business owner takes effort, creativity, motivation, and strategic planning and decision-making. And even if a business owner has all of the elements that should make for a solid business that can operate and be profitable, that does not always mean that their venture will work out. In 2021, there were well… Read More »
How Business Bankruptcy Impacts Credit
The chief objective of any business owner is to run a successful operation and increase their bottom line. But not every business endeavor is meant to be a success. Every month it is estimated that over 500,000 businesses will be formed but only 50% of them will make it to year five. Poor cash… Read More »
How Consignors Can Protect Their Goods From Consignee Bankruptcy
The laws relating to consignment can put a consignor at a disadvantage if they do not take the time to understand them. But, consignment is a commonly used arrangement that many businesses take advantage of to run their operations. The jewelry industry is one where consignment arrangements are utilized frequently. These arrangements will have… Read More »
The Importance Of Solvency And Business Operations
Business owners work hard to make the right decisions that will help their operations thrive and prosper. Owning a business means having to wear several hats at once and figure out solutions to major problems that could affect the running of the business. One of the biggest issues that a business owner has to… Read More »
How Can A Business Go Bankrupt?
Starting a new business is a lot of work, but nevertheless, an exciting proposition. The dream of being your own boss and doing something you are an expert in or that you love can make you feel free. While the goal of any business is to operate successfully and continually expand its customer base… Read More »
Fraud And Business Bankruptcy
Unethical and potentially illegal practices can slowly gain a foothold in your business, leading to accusations of fraud. Whether it occurred with or without your knowledge, the impact could be devastating. In addition to causing the destruction of your company, it can also leave you facing both civil and criminal liability. As a business… Read More »
Protect Your Brand During Business Bankruptcy
When unexpected expenses, fluctuations in the market, or other common issues arise that jeopardize your business. filing a Chapter 11 business bankruptcy can help to protect you. It acts as a reorganization, allowing you time to reassess the situation, renegotiate contracts at more favorable rates, and eliminate certain types of debts. In doing so,… Read More »