Sheehan & Associates, P.L.C.

Posts tagged "Bankruptcy"

Trying to avoid repossession? Bankruptcy could be an option

Are you starting to get a little panicked inside every time you spot a tow truck in your rearview mirror? If you're behind on your car payments, you probably have good reason to be nervous. You never know when someone might be following you with an order for repossession in their pocket.

Business bankruptcy: Your options

Small businesses have a lot of competition out there, and that can make it hard to stay afloat. However, if your business runs into financial trouble, you don't necessarily have to shutter the doors and give up on your dream. Bankruptcy may be a solution that will allow you to get a fresh start and eventually get back on your feet.

What is a preferential transfer in bankruptcy proceedings?

If you own a business and you're about to go bankrupt, you know the wisdom of making strategic decisions so that you come out of the situation as financially intact as possible. But you could make a big mistake if you don't understand the rules about preferential transfers.

Saddled with debt? You probably aren't as alone as you think

Being broke and saddled with a lot of unpaid debts can be an incredibly lonely experience. More than likely, you see many of your friends and relatives through the filter of their social media accounts. That means that you see what they want to present rather than the whole picture. Most people don't discuss their financial woes that openly. It's easy to start to believe that you're the only person in your social group that's hiding from creditors or struggling to keep the utilities turned on.

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Sheehan & Associates, P.L.C.
1460 Walton Blvd , Suite 102
Rochester Hills, MI 48309

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