I used to be a devotee of CNBC every morning. I would watch the stock market climb or fall, listen to the anchors tell me how to invest my money and believe every word of it.
That was wrong.
I don’t watch it anymore, I can’t. The news is depressing. What’s worse, I know it is wrong. Let us take for example, the unemployment rate.
Today, the government told us that 85,000 jobs were lost in the month of December. It’s OK they say, unemployment stays true at 10%. That number is bad enough, but it isn’t accurate.

In this continuing declining economy, our office is approached frequently by the small business owner. The owners of America’s small businesses are under the same ‘big’ company financial pressures. Oftentimes the pressure for the small businessman is higher, if that can be believed, due to the nature of the small business. A large corporation has a fiduciary duty to it’s investors, but in the end, if the big corporation fails, the investors lose, not the principals of the big corporation. At least, not unless they are heavily invested in the failing concern.

As we approach the end of the year there are a number if issues we should keep in mind. All are important but at differing levels depending on our own circumstances

At our firm, we advise every potential bankruptcy client about each chapter of the Bankruptcy Code that could potentially provide them with protection from their creditors.  Although these discussions typically focus upon Chapter 7 (and, to a lesser extent, Chapter 13), one of the chapters we also mention is Chapter 12.

One of the hardest decisions a small business owner will ever face is whether to shut down a business that is losing money.  It is an emotional decision because of the blood, sweat and tears that it takes to go into business for yourself.  But it is also a financial decision, fraught with uncertainties and [...]

These are hard times especially for small businesses. I frequently hear from small business owners who want to "file bankruptcy for their business." The small business owner usually has personally guaranteed most of his business debts. For some reasons, the...

Some of the news reports on the White House dinner crashers (Tariq and Michaela Salahi) have noted that they own a winery that filed for Chapter 11 (reorganization) bankruptcy and then converted to Chapter 7 (liquidation) bankruptcy. My prurient interest...

With a sluggish economy, I have met with an increasing number of small business owners who are considering personal bankruptcy to deal with credit card debt and personal loans, but who want to keep their business assets and credits separate.  Is this