4 Reasons Why You Should File for Bankruptcy

As much as people perceive bankruptcy as a bad thing, there are good reasons you may want to file for bankruptcy in the future. Some large corporations and individuals do it routinely.

However, to get the best out of a bankruptcy case, it’s necessary to time the case perfectly. For example, some income taxes can only get discharged if they are more than three years old.

Remember, three years can be a big challenge. However, filing for bankruptcy too early can be disastrous you may be better off looking for a good business broker to sell your business.

This is because you may get stuck owing the income tax until the statute of limitations runs.

If you’re asking what is bankruptcy, here are some of the reasons that make bankruptcy a viable option.

  1. Filing bankruptcy prevents foreclosure, garnishment, repossession or lawsuits

You must have heard these arguments made up … Read the rest

As much as people perceive bankruptcy as a bad thing, there are good reasons you may want to file for bankruptcy in the future. Some large corporations and individuals do it routinely.

However, to get the best out of a bankruptcy case, it’s necessary to time the case perfectly. For example, some income taxes can only get discharged if they are more than three years old.

Remember, three years can be a big challenge. However, filing for bankruptcy too early can be disastrous you may be better off looking for a good business broker to sell your business.

This is because you may get stuck owing the income tax until the statute of limitations runs.

If you’re asking what is bankruptcy, here are some of the reasons that make bankruptcy a viable option.

  1. Filing bankruptcy prevents foreclosure, garnishment, repossession or lawsuits

You must have heard these arguments made up … Read the rest

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The sellers and buyers themselves are the principals within the sale, and business brokers (and the principal broker’s brokers) are their agents as outlined in the law Nevertheless, although a business broker commonly fills out the supply to buy form, brokers are sometimes not given power of lawyer … Read the rest