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Bankruptcy

: Arizona Bankruptcy Attorney Blog

Small Business Bankruptcies On the Rise. Surprised?

By Joseph McDaniel, Esq.

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One article about the increase in small business bankruptcy cases quotes extensively from a bankruptcy attorney in California who handles small business cases, as well as other bankruptcy types.

That bankruptcy lawyer puts too much blame, for my taste, on the small business owners. I don't care how smart you are; if you put together the best business plan in the world, and the plan makes perfectly reasonable assumptions based on five years of experience, and then you lose half of your business volume overnight, you may be a debtor in a bankruptcy case!

Because they call fixed expenses fixed for a reason, you know?
NOTHING IN THIS BANKRUPTCY BLOG CONSTITUTES LEGAL ADVICE RE A CHAPTER 7, CHAPTER 13, CHAPTER 11, OR CHAPTER 12. FIND AN ARIZONA BANKRUPTCY ATTORNEY WHO IS BOARD CERTIFIED IN BANKRUPTCY LAW, AV RATED, AVVO 10, ON SUPERLAWYERS, OR JUST VERY EXPERIENCED AND A FORMER CHAIR OF SOME BANKRUPTCY THINGIE. NOTHING HERE MAY BE USED AS LEGAL ADVICE IN CONNECTION WITH ANY BANKRUPTCY, WHETHER THAT BANKRUPTCY IS IN PHOENIX, GLENDALE, TEMPE, MESA, SCOTTSDALE, GILBERT, CASA GRANDE, OR ANYWHERE ELSE IN ARIZONA!

Full post as published by Arizona Bankruptcy Attorney Blog on January 25, 2011 (boomark / email).

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