Recent Articles

Chapter 7

This is federal bankruptcy court process to formally liquidate the assets of the business and pay the creditors their respective share of the proceeds. This process terminates the business operation.

Insolvency and Bankruptcy – Know the Difference

02/01/2014

Every business owner needs to know the difference between insolvency and bankruptcy.  Often these two terms are misunderstood and improperly used in conversation.  You need to know their correct meaning because both are used in civil law and both [...]