How Small Businesses Survive Financial Hardships

Financial troubles are a reality that many small businesses struggle with at one point or another, whether from economic decline, unexpected expenditures, falling sales, or even crises such as COVID-19. Yet hardships do not necessarily equate with failure; if one has the right strategy and mindset, there is a real possibility for small businesses to…

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Bankruptcy Process – The Basics

Bankruptcy is not as simple as telling a judge, “I’m broke!” There is a process that individuals and businesses must follow. The goal is to give the debtor a fresh start while giving creditors the chance to receive some measure of repayment based on assets available for liquidation and/or income earned. A court-appointed trustee oversees…

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What Are the Top Challenges in Judgment Collection?

Winning a judgment against another party could also mean winning a financial award. Enforcement of such a judgment would boil down to collecting. Unfortunately, collecting is often harder than actually winning the judgment. There are a number of challenges that make collection exceedingly difficult for creditors who don’t understand the system. Note that the winning…

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