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When Is Bankruptcy the Best Option?

  • 23 October 2013
  • Author: ellice909
  • Number of views: 2199
When Is Bankruptcy the Best Option?

“Do I really have to declare bankruptcy?” It’s a gut-wrenching thought. More than 500 Texas businesses  declared bankruptcy in the first quarter of 2013, according to U.S. Court statistics. Personal bankruptcy filings were logged in the thousands. Could these have been avoided? When does bankruptcy become the best option?

Affordable Care Act: Does Your Small Business Need Prepping?

Affordable Care Act: Does Your Small Business Need Prepping?

There’s been a lot of talk regarding how large businesses will handle the restraints and changing requirements of the impending Affordable Care Act (ACA). Earlier this month, the U.S. Treasury Department on Thursday proposed new rules meant to ease requirements for large companies and insurers when they report employees' health coverage information. But what about small, family-owned businesses? While there are no mandates to follow, the ACA does address small businesses. Some details that are cloaked as advantages, however, could come with some inherent snags.



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