The Small Business Owner's Guide to Bankruptcy explains options relating to Chapter 7 and Chapter 13 for small business owners, as well as suggesting ways to rebuild after filing for bankruptcy.

Explains when bankruptcy may be necessary, describes the extent of its protection for small business owners, and shows how to fill out the required forms.

The COVID-19 pandemic has increased insolvency risks, especially among small and medium enterprises (SMEs), which are vastly overrepresented in hard-hit sectors. Without government intervention, even firms that are viable a priori could end up being liquidated—particularly in sectors characterized by labor-intensive technologies, threatening both macroeconomic and social stability. This staff discussion note assesses the impact of the pandemic on SME insolvency risks and policy options to address them. It quantifies the impact of weaker aggregate demand, changes in sectoral consumption patterns, and lockdowns on firm balance sheets and estimates the impact of a range of policy options, for a large sample of SMEs in (mostly) advanced economies.

Don't get down, get started instead-with Fresh StartBankruptcy Well over a million Americans suffer the trauma of bankruptcy everyyear. But many don't know that bankruptcy may be the idealopportunity to rein in their out-of-control finances, get back ontheir feet, and start over anew. Fresh Start Bankruptcy is a friendly and non-intimidating guidethat walks you step by step through the filing process and providesthe sympathetic, expert advice you need to survive the ordeal.Attorneys Deborah Herman and Robin Bodiford provide the informedperspective that makes tough decisions simple. They'll help youdecide whether you should retain legal counsel or move forward onyour own. And if you do decide to go it alone, you'll find all theprofessional advice you need to make the process as quick andpainless as possible. You'll learn which chapter to file and how todo it, how to protect your assets and deal with creditors, how torepair your credit, and how to navigate bankruptcy court. Personal anecdotes included in the book prove that people of allwalks of life have gone through the process and come out strongerthan before-- and you can too! So, no matter how your financialtroubles came about, stop worrying and start over with the positiveoutlook and thoughtful guidance you'll find only in Fresh StartBankruptcy.

Representing Small Businesses in Bankruptcy provides an authoritative, insider's perspective on best practices for counseling small businesses in financial trouble. Featuring experienced bankruptcy partners from around the country, this book guides the reader through the complexities of understanding what constitutes a small business and the problems they face in today's economic climate. Whether the answer lies in restructuring, liquidating, or other non-bankruptcy options, these top lawyers analyze how to identify and achieve the best possible outcome for a small business client. They reveal strategies for looking critically at a business, conducting the necessary research, developing creative solutions for clients, and weighing the risks involved. Additionally, these leaders discuss the role of the attorney in the bankruptcy process and how to deal with the challenges and emotional issues surrounding business owners facing bankruptcy. The different niches represented and the breadth of perspectives presented enable readers to get inside some of the great legal minds of today, as these experienced lawyers offer up their thoughts on the keys to success within this dynamic field.

An extremely lucid account of the concepts, implications and procedures regarding bankruptcy filings. Describes the four most commonly used forms of bankruptcy and what can and can't be accomplished. Covers the roles of trustees, bankruptcy court, statuses, priorites and the rights of creditors. Contains step-by-step sequences required for each bankruptcy process. The appendix features a significant amount of essential forms needed for or useful in bankruptcy procedures.