I was talking with a management consultant who has worked for years with small- and mid-sized businesses who were facing financial hardship. He has helped many turn around, and seen others fail. Although he had a sense of what Chapter 11 bankruptcy was, he did...
[caption id="" align="alignright" width="300"] English: Linens 'n Things going out of business at New Hope Commons in Durham, North Carolina. (Photo credit: Wikipedia)[/caption] As a small business owner, your business is your life. If you have difficulty paying your bills, are constantly being harassed by debt...
When we meet with small business owners who are experiencing financial difficulty, a major concern they face is whether creditors will be able to come after their personal assets. The answer is -- it depends. [caption id="" align="alignleft" width="400"] Business (Photo credits: www.roadtrafficsigns.com)[/caption] While a number of...
Litigation is an incredibly powerful dispute resolution tool. A lawsuit can serve as a vehicle to enforce rights in the face of wrongdoing or when dealing with a difficult party. However, lawsuits can also be incredibly unpredictable. When the resolution to your dispute lies in...
[vc_row row_type="row" use_row_as_full_screen_section="no" type="full_width" angled_section="no" text_align="left" background_image_as_pattern="without_pattern" css_animation=""][vc_column][vc_column_text]The uncertain economy is teaching landlords a hard lesson: Even reliable, long-time tenants can tread water for only so long, and bankruptcy is an inevitable reality for some. A tenant’s bankruptcy filing has repercussions for its lease obligations,...
The rocky landscape for commercial real estate has pushed many owners to the brink of foreclosure. For those who’ve fallen behind on their mortgage payments, though, a deed in lieu of foreclosure (DILF) may be a less cumbersome process. What are the advantages? A DILF offers several...