With the new year, there is no better time to look over your estate plan. Each year, it's a smart move to do this, since new laws, especially tax laws, could impact your estate.
Bankruptcy isn't easy to go through no matter what situation you're in, but it can be made easier if you're prepared to take the steps you need to take before you file. Doing your best to try to renegotiate contracts and free up capital could help you avoid bankruptcy with your business, but if you can't, then your attorney may suggest a type of bankruptcy to help you.
Paying bills is usually not a pleasant experience. They always seem to be higher than you thought they would be and each time you make a payment your bank account balance goes down. Though paying bills is a necessary evil that many people dread, the feeling after missing a payment can be much worse.
Bankruptcy is an option that you have when you have so many debts that you cannot pay them back on time or with any certainty. Some people opt for bankruptcy to get a fresh start, while others turn to it with no other options.