Sheehan & Associates, P.L.C.

Posts tagged "Bankruptcy"

Are Americans sliding deeper into debt?

There have been some big bankruptcies in the news lately, from Dean Foods (the nation's largest producer of dairy milk) to luxury New York retailers, like Barney's. However, there are plenty of other bankruptcies in the works, as well -- although they get a lot less fanfare because they involve many ordinary people who simply have extraordinary debts.

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.

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

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