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There are certainly cases where a business closes its doors when it declares bankruptcy. This is most common with liquidation bankruptcy, or Chapter 7. The business is required to liquidate some of its assets to pay off at least a portion of the debt. By selling...

As a business owner, you understand that there is a chance you may need to declare bankruptcy in the future. From a business perspective, this doesn’t always mean your company has to close. Bankruptcy can often be used to reorganize debt and make financial obligations...

The business environment has always had its ups and downs – but sometimes the “downs” get overwhelming – and bankruptcy may be your only viable way forward. However, timing a business bankruptcy carefully can be important. When you declare bankruptcy can affect...

Few companies have one sole owner. Instead, businesses tend to have multiple shareholders. The percentage of shares owned and voting rights can vary, but all shareholders have a joint interest in the business succeeding.  Nonetheless, shareholders don’t always agree....

Running a business in California has its share of challenges, including potential disputes. Whether the issue arises with partners, employees, vendors or customers, how you manage these conflicts can have a lasting impact on your business.  Fortunately, several ways...

There are numerous different ways that a contract can be breached. There are both minor and major breaches, and some can have a much larger financial impact than others. But it is important to remember that every contract breach is significant, even if it is just due...