Category: Business Bankruptcy

Bankruptcy and Sales Tax Problems

A sales tax debt is a tough debt to have. Because of penalties and personal liability, bankruptcy may sometimes be the only way to manage a tough sales tax problem. What is the sales tax and who is required to…

Chapter 11 Bankruptcy Reorganization in a Nutshell

Unlike in Chapter 7 and Chapter 13 bankruptcy, creditors have a vote on what happens in Chapter 11. ┬áChapter 11 bankruptcy is sometimes used by individuals who are over the Chapter 13 debt limits, but most of the time businesses…