Three Bankruptcy Traps for Small Businesses

07/25/11

Perhaps you’re self-employed.  Or maybe you own a small corporation or LLC.  Times are hard.  Time to see a bankruptcy attorney.  You might be surprised to realize that these two items are considered assets:  accounts receivable and unbilled work in progress.  A trustee can try to take these by telling your customers to pay him instead.  This will definitely [...]

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