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Monday, July 8, 2013

Review of the Book How to File for Chapter 7 Bankruptcy

How to File for Chapter 7 Bankruptcy is a book written as a guide for individuals who have made the decision to pursue this option. Filing for bankruptcy introduces new financial issues and should not be done lightly. However sometimes individuals consider it to be their best option.

Help for Individuals Considering Personal Bankruptcy
The attorneys who have written How to File for Chapter 7 Bankruptcy focus on personal bankruptcy. It better prepares you for what will be an uncomfortable process. Many people nowadays are struggling with debt and bankruptcy may be the only way out for some of them. That is what the personal bankruptcy laws are there to provide- relief for people in severe economic straits.

NOT a Guide for Corporate or Large Business Bankruptcy
If you are considering corporate or large business bankruptcy, this book is not for you. It will not provide the information you need. The book does not focus on Chapter 11 bankruptcy. If you are running a business out of your own pocket, then the book will provide information that can help. For example, suppose a person contracts their services as an editor for a magazine and operates as a small business. They can file for personal bankruptcy.

Who Wrote the Book?
The lawyers who wrote the book are:
  • Stephen Elias
  • Kathleen A. Michon
  • Robin Leonard
  • Albin Renauer

Filing Without a Lawyer
Some people who have read the book have done so with the intention of filing for Chapter 7 Bankruptcy without the assistance of a lawyer. If this is what you want to do, this guide will help you to understand the process better and know what is required to complete your filing successfully.

If you are planning on filing with an attorney, How to File for Chapter 7 Bankruptcy will still help you. It will clear up some of the issues you may have had about the process. It will also provide you with the information you may need to ask questions that you may not otherwise have even thought of.

How to File for Chapter 7 Bankruptcy

Monday, July 1, 2013

Selling a Business Online: How to Sell Your Business

Selling a business online has become easier with the development of websites that are solely for this purpose. There are several of these that have a large network of entrepreneurs. Some concentrate on the needs of clients in a particular part of the world, such as the United Kingdom. Others are open to countries across the world.

You will also notice that some sites focus on businesses that sell to customers from a physical storefront. This means that while you can get buyers for your business online, you do not have to be involved in ecommerce to do it. There are other sites that sell businesses that have been built online and are meant to cater to customers who shop exclusively online.

There are several traits you should look for in a website that makes it easy for you to sell a business on the Internet:
  • You should not need to sign an agent’s contract
  • You shouldn’t have to pay a sales commission
  • Any fees that are charged to list or buy businesses should be fixed
  • A large network of buyers
  • Guidance available online from people associated with the site

All images above are via Wikimedia

Having all of these characteristics present increases your chances of success when you list your business with a website. If a site does not satisfy these criteria, it is likely that you will take a longer time to find your ideal buyer.

The Complete Guide to Selling a Business (Available On Amazon)