Alternatives to Bankruptcy – for Business Owners with Large Debts

1 Minute Summary: For a business with pressing debt loads, there may be alternatives to bankruptcy that will allow either asset liquidation, sale of the business or debt negotiations to settle creditor claims.  There can be advantages to avoiding bankruptcy court in some instances, and depending on the business form used and the goals of […]

Bankruptcy vs. Debt Settlement: Which One is Better to Resolve An Excessive Debt Load?

Bankruptcy vs. Debt Settlement: Overview There are alternatives for those who are unable to pay their debt. This article is about two of those options: bankruptcy and debt settlement. Both of these methods completely resolve the debts, as opposed to engaging in a payment plan, or simply going into default. Both bankruptcy and debt settlement […]