The U.S. bankruptcy system has two primary goals: To give honest but unfortunate debtors a “fresh start” and To provide an orderly system for paying creditors. In effect, this means…
What is a secured creditor? So, you’re a secured creditor—what could possibly go wrong? A secured creditor is — at the very basic level — a creditor that has lent…
“Bankruptcy” is a misunderstood term. Generally speaking, society gives a negative stigma to the term “bankruptcy.” However, bankruptcy is a financial tool that all business owners should understand. It provides…
