What Is Corporate Bankruptcy?

YoungUpstarts

The legal process by which a company declares that it is unable to pay its debt and need some relief is termed as corporate bankruptcy. After filing bankruptcy one may become debt free. Filing bankruptcy is not a failure; it is a way to restart your life.

Common Bankruptcy Law Questions Answered

The Startup Magazine

Bankruptcy is an often misunderstood practice you don’t run up debts and then just magically go bankrupt it is much more complex. Let’s look at some of the answers to common bankruptcy law questions in more detail. Does a bankruptcy clear all debts?

How Filing for Bankruptcy Benefits Your Business

The Startup Magazine

Filing for bankruptcy can help you or your business resolve a financial crisis and start building from scratch. Bankruptcy Storm, Source: Pixabay. This does not mean, however, that you can live irresponsibly accruing debts only to declare bankruptcy to avoid paying.

How Ashley Stewart Bounced Back From Bankruptcy

YFS Magazine

Three years ago, thick clouds of bankruptcy loomed over
 the plus-sized womenswear retailer, Ashley Stewart. Grow Operations bankruptcy company culture leadership struggling business

Learning From Bankruptcy: Two Key Insights For Business

YoungUpstarts

In reality, though, the worst thing is to go into bankruptcy and not learn anything from the experience. Though bankruptcy can seem catastrophic when it happens, it also gives you the opportunity to try again; this time with 20/20 hindsight.

5 Tips to Finding a Bankruptcy Lawyer

The Startup Magazine

When you become broke as a church mouse, filing for bankruptcy is the only escape route that is left. Making such a decision is not easy and that’s why you need to seek legal advice from a bankruptcy attorney. Bankruptcy Storm, Source: Pixabay.

Smart And Effective Tips For Young Entrepreneurs To Avoid Bankruptcy

YoungUpstarts

Bankruptcy is the ultimate panacea to all debt woes, whether for a business or an individual. Bankruptcy is that B-word which we all know of but we don’t prefer saying it as we all hope that we never have to go through it. million filing Chapter 7, 11, 12 and 13 bankruptcies.

Filing Bankruptcy is a Painful End to Your Startup

Startup Professionals Musings

If you are just plain tired of working so hard, or your startup is not getting the traction you expected, should you shut down cleanly, or just file for bankruptcy and walk away? For those who think that bankruptcy is the easy way out, think again.

Entrepreneurs Beware the Burdens of Bankruptcy

Startup Professionals Musings

If you are just plain tired of working so hard, or your startup is not getting the traction you expected, should you shut down cleanly, or just file for bankruptcy and walk away? For those who think that bankruptcy is the easy way out, think again.

Think Again Before Declaring Business Bankruptcy

Startup Professionals Musings

If you are just plain tired of working so hard, or your startup is not getting the traction you expected, should you shut down cleanly, or just file for bankruptcy and walk away? For those who think that bankruptcy is the easy way out, think again. Bankruptcy should always be the absolutely last resort. There are many other negative implications to bankruptcy. bankruptcy filing types you should choose.

NastyGal Files Bankruptcy: How Your Startup Can Avoid The Same Fate

YFS Magazine

Grow Operations bankruptcy Business Law business lessons e-commerceHere’s a look at three practical ways you can reinforce and shore up your business before you have to bring it back from the brink.

Bankruptcy Is Not the Easy Way Out

Startup Professionals Musings

If you are just plain tired of working so hard, or your startup is not getting the traction you expected, should you shut down cleanly, or just file for bankruptcy and walk away? For those who think that bankruptcy is the easy way out, think again.

5 Things to Know When Filing for Bankruptcy

The Startup Magazine

Although filing for bankruptcy may seem like a daunting and complicated endeavor, it can provide relief for many as a way to get out of debt. For instance, your credit score will be significantly lowered and the bankruptcy information could stay on the record.

5 Alternatives To Shutting Down A Struggling Startup

Startup Professionals Musings

If you are just plain tired of working so hard, or your startup is not getting the traction you expected, should you shut down cleanly, or just file for bankruptcy and walk away? For those who think that bankruptcy is the easy way out, think again. bank loan bankruptcy Chapter 7 merge

Austin-based CoinTerra Files for Bankruptcy

SiliconHills

By LAURA LOREK Reporter with Silicon Hills News CoinTerra, once recognized as one of Austin’s fastest growing startups, has filed for Chapter 7 liquidation bankruptcy. The Austin-based bitcoin machine manufacturer filed for bankruptcy in Austin on Jan. “The move comes soon after CoinTerra […] The post Austin-based CoinTerra Files for Bankruptcy appeared first on SiliconHills.

In 15 Years From Now Half of US Universities May Be in Bankruptcy. My Surprise Discussion with @ClayChristensen

Both Sides of the Table

“In 15 Years From Now Half of US Universities May Be in Bankruptcy.” ” Such was the quote of Clayton Christensen followed by, “… in the end I’m excited to see that happen. So pray for Harvard Business School if you wouldn’t mind.”

Tripwire Marketing: From Bankruptcy to Over 1 Million Dollars in Profits in One Year

ConversionXL

In 2015, 9-figure apparel retailer Karmaloop.com filed for bankruptcy. The post Tripwire Marketing: From Bankruptcy to Over 1 Million Dollars in Profits in One Year appeared first on CXL. The company had been bleeding cash, losing six figures per month.

How to Avoid Bankruptcy in Year One of Your Business

Up and Running

Photo Credit: Flickr user TimeTrax. The amount of businesses that cannot even survive for a single year is alarming. Depending on what statistics you look at, anywhere from 4% to 25% of businesses fail in their first year of business.

Know and avoid “time bankruptcy.”

Berkonomics

Time bankruptcy results from the deliberate over-commitment of core resources. . I created the term “time bankruptcy” almost thirty years ago when the computer software business was young, and I was a software developer building a young company based upon quality first. It’s a classic case of time bankruptcy. Time bankruptcy.

Curadebt Review – Should You Use Them?

The Startup Magazine

These are petty issues that you can deal with when looking to manage your debts and avoid bankruptcy. Finance Technology Bankruptcy debt management Intuit landing page Money reputationBefore using the services of any company, it is always good to look at the consumer reviews.

‘We Lost It All’: How Bankruptcy And Art Therapy Led Me To Success

YFS Magazine

That defining moment, downing shots at a local sports bar on my first day of business, has become one of my favorite and yet terrifying memories. Culture art art business business challenges culture inspiration personal development startup success

7 lessons we learned from the bankruptcy of Whatser

The Next Web

Although we got some early traction, we were unable to prevent a bankruptcy from happening in October 2011.

Walking Away From Your Startup Can Leave Deep Scars

Startup Professionals Musings

If you are just plain tired of working so hard, or your startup is not getting the traction you expected, should you shut down cleanly, or just file for bankruptcy and walk away? For those who think that bankruptcy is the easy way out, think again.

How to Convert Your Business to an LLC

The Startup Magazine

Legal insight Bankruptcy capital debt Finance grants Income tax IRS legal licenses Limited Liability Corporation LLC Organization shareholders Sole proprietorship taxesAs your startup grows, you become more aware of the legal restrictions that are putting pressure on your bottom line.

LLC 118

How Your Law Firm Should Market To Millennials

The Startup Magazine

Leinart Law Firm focuses on bankruptcy and debt solution making them experts in giving legal protection granted under Chapter 7 bankruptcy laws. Thousand of bankruptcies were helped and gave clients a fresh new start.

Incorporating Your Business: Tips to Follow

The Startup Magazine

One thing’s for sure, converting your business into a corporation provides a great deal of advantages that allow you to secure your assets from cases such as a looming bankruptcy or a lawsuit.

Take Pressure Off Your Company Finances with a Debt Relief Order

The Startup Magazine

The good thing about the relief is that it is an alternative to declaring bankruptcy. The DRO is considered the most affordable alternative to bankruptcy because the liability is removed and the applicant becomes debt free.

Pivot Now is Less Painful Than Turnaround Later

Startup Professionals Musings

If these challenges can’t be resolved by the existing team with “course corrections” or “pivots,” an investor will often bring in an experienced CEO to tackle the turnaround before or after bankruptcy. bankruptcy pivot startup course correction businessBy Ernst H.

Tackling Startup Debt Head-On

The Startup Magazine

If that isn’t an option, you’ll need to consider credit counseling, debt settlement or bankruptcy. Bankruptcy. The potential clean slate might make bankruptcy seem like an ideal option. Finance Bankruptcy consolidation loan Credit debt repayment Interest rate minimum payment

Instant Entrepreneurship: Buy a Business

The Startup Magazine

Bankruptcy trustees. Bankruptcy trustees should be able to give a list of viable businesses that are insolvent and up for sale.This is to their benefit, as you will be purchasing the business assets and not their actual debt. Entrepreneurship can take two tracks.

Miami 86

5 Business Rescue Options Every Struggling Startup Should Consider

YoungUpstarts

When your business is failing and bankruptcy seems imminent it can be easy to trick yourself into thinking there are no options left, especially if you have poor business credit and a multitude of financial obligations and debts to deal with. By Keith Tully of Real Business Rescue.

Target Future Customers Using Financial Metrics

The Startup Magazine

This could include things like bankruptcies, judgments and liens, and should be looked into very carefully. Any kind of business transaction comes with risk, whether you are searching for investment, looking for partners, or qualifying leads.

Convertible Notes have a clause that the investor can ask for the money back. How often is this used?

Gust

In a worse case, if the company is really in bad shape, the investor can pretty much dictate whatever terms s/he wants, using the implied threat of otherwise forcing the company into bankruptcy because it can’t repay the debt. Invested Interests bankruptcy convertible notes investor relationshipThe question should be “used for what?”

How to Pitch, Plan, and Track Your Business with LivePlan [VIDEO]

Up and Running

Recently, Palo Alto Software CEO Sabrina Parsons hosted a webinar for our Bcast members on how to use LivePlan to create a better business plan, pitch your idea to investors, and track your business.

Video 135

Blockbuster – Rapid Innovation is Your Path Back

Gregg Fraley, Author of Jack's Notebook

Was sad to see the news about Blockbuster — they’re filing for bankruptcy. Tags: Inspirational Marketing bankruptcy Blockbuster Blockbuster Video business model chapter 11 Gregg Fraley Idea Generation Innovation innovation culture Jim Keyes movie rental Netflix taking action transformation It’s a Chapter 11 situation so they’ll reorganize, square away a lot of debt, and try again. So, they are not dead yet.

Death of a (software) salesman?

deal architect

Molycorp has filed for bankruptcy just a short couple of years after the world was fretting that China had a stranglehold on that. BusinessWeek had two recent stories – one was how quickly the bubble around rare earths has burst. Cloud Computing, SaaS Industry Commentary

From Distress to Success

The Entrepreneurial Mind

For you see, Mr. Guy practices bankruptcy law. Bobby has now taken what he has learned from years of practicing bankruptcy law and turned it into a book titled Distress to Success. Bankruptcy Bobby Guy Distress to Success

Priavte Startups May Get Liquidity With the Launch of SecondMarket in Israel

VC Cafe

SecondMarket will provide Israeli companies with the tools to access capital and facilitate secondary liquidity for shareholders, including bankruptcy claims, auction-rate securities, and limited partnership interests in private equity and real estate funds.

Here are the 5 hottest startups in Spain

The Next Web

In the past decade, Spain suffered a significant economic setback with a crippling recession, the bankruptcy of a number of major companies and the highest unemployment rate in the EU (27% at its height).

Spain 126

Which Is More Important – Beating Debt Or Your Credit Score?

YoungUpstarts

Debt settlement does hurt your credit, but it also usually helps you reset your financial life much faster than bankruptcy and doesn’t require you to completely flake on your creditors. Your options basically include bankruptcy via chapter 7 or chapter 13.

Hyperbolic Headlines About Silicon Valley

Feld Thoughts

And, blink three times if you realize that Netscape is now owned by Oath, which is a subsidiary of Verizon, which is headquartered in New York, and is the merger of Bell Atlantic (Philadelphia), NYNEX (New York), and GTE (which, awesomely, bought BBN, created GTE Internetworking, spun it off as Genuity after the Bell Atlantic merger, which was then acquired out of bankruptcy by Level 3 (Broomfield, Colorado – adjacent to Boulder) which is now owned by CenturyLink (Louisiana)).

Are you or your business “time bankrupt?”

Berkonomics

Time bankruptcy results from the deliberate over-commitment of core resources. I created the term “time bankruptcy” almost thirty years ago when the computer software business was young, and I was a software developer building a young company based upon quality first. Time bankruptcy.

6 Leadership Insights To Inspire New Venture Founders

Startup Professionals Musings

Yet the image of leadership in business is at an all-time low, according to national leadership experts, considering the political debacles, record business bankruptcies, and executive fraud cases.