These strategies apply to our current COVID-19 Crisis, or any economic downturn. If you are a Small Business owner, you are getting conflicting messages. You can’t open without providing protection for yourself and your customers. But, you should pay your workers, open, and get going
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Archives for Business Bankruptcy Topics
Small Businesses- If Coronavirus hit You Hard, Relief is Here!
With the COVID-19 Virus spreading, and Stay at Home Orders in place in Illinois and most other states, Small Businesses are reeling. On March 27, 2020, the President signed the Coronavirus Aid and Economic Security Act, or CARES Act. This Act is here to help
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Bankruptcy Success Stories- The Family Business
When people think of seeing a Bankruptcy Attorney, they think of failure. Failure to manage money, failure of a business, failure because they can’t pay their mortgage or medical bills. In reality, Bankruptcy can be a success story. Here’s one real-life family’s Bankruptcy Success Story:
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Franchise and Small Business Start Ups- High Risk and High Reward- We Can Help
Small Business Start-Ups- High Risk/High Reward- We Can Help You![/caption] Over the years, I’ve seen many small business owners who used their hard-earned money, sweat, and time to try to build their small business or franchise. Risk v. Reward Opening a Franchised business, like any
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Small Business Loans=Shark Infested Waters
Small Business Owners-Watch out for the Sharks! Small Business owners have so many “hats” to wear. One expression is that the owner is “Chief, Cook and Bottle Washer”. So, with all of those roles, it’s difficult to manage everything. One of the hardest jobs is
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The Taxi Cab Medallion Foreclosure Crisis in Chicago- What Can Drivers Do?
The ride share boom from Uber, Lyft and other app services is the latest industry disrupter to strike in the U.S. The taxi industry in Chicago has been hit especially hard. In order to drive a licensed taxi in the City of Chicago, the taxi
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Entrepreneur Bankruptcy — Not a Failure
I’ve written blog articles about warning signs for business owners, and what to look for, when things get tough. Most business owners don’t look for signs that things are getting tough. They dig in, and keep going. Why? In reality, business owners are, at heart,
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No Cookie-Cutter Cases!
In many consumer bankruptcy law firms, the overriding idea is to get as many people to “sign up” as possible. And, with that approach, the bigger bankruptcy firms, especially in large metro areas, become “bankruptcy mills”. The attorneys are mostly young, and the firms advertise
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How the Bankruptcy Laws Helped Donald Trump Stay Rich
We have all heard Donald Trump talk, a lot, during this Republican presidential campaign, and, in the debates, many of his challengers, and the debate moderators, criticized him about his four bankruptcies. Yes, 4 bankruptcies! Take a look at this article, that shows a few
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Illinois Bankruptcy Court: You Can Give up your Car in a Chapter 13 Case, Even if you can’t Deliver it
A Judge in the US Bankruptcy Court for the Northern District of Illinois just ruled that you don’t have to give back a car to “surrender” it in a Chapter 13 Plan. Let’s look at the facts: A person finances a car at 24.99% interest, and
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