October 09, 2019 Dunlap Seeger

Reasons Businesses May File for Bankruptcy

Business owners often want to ensure their organization is successful in creating value and bringing in profits. However, there may be some cases where a business does not achieve those goals for an extended period, which can push it into bankruptcy. While owners may hold some level of responsibility, there are several reasons why bankruptcy can occur. Causes of Chapter 11 These are a number of factors that may contribute: State of the market: If the overall economy or the business’s More +

September 29, 2019 Dunlap Seeger

What Debts Can You Discharge in Personal Bankruptcy?

Bankruptcy is an area of law shrouded in mystery. The people who go through bankruptcy proceedings are often loathe to discuss it with their peers, worrying that people might judge them for experiencing financial hardship. Unfortunately, that means that many people who would likely benefit from bankruptcy are hesitant to file because they don’t really understand what bankruptcy involves. One of the biggest concerns that many people have about bankruptcy is that it won’t address their major debts, as bankruptcy More +

August 23, 2019 Dunlap Seeger

How Do You Start a Business in Minnesota?

Starting a business in Minnesota does not have to be difficult. However, you should take care to do everything correctly. The right business model and legal structure should protect you from liability. Conversely, inappropriate structures could have the opposite effect. Of course, one of the first things you would want to do is establish a sound business plan. This article will assume that you already have your plan worked out and you are ready to move on to making everything official. More +

August 01, 2019 Dunlap Seeger

The Primary Advantages of Chapter 7 Bankruptcy

The decision to file for Chapter 7 bankruptcy is never an easy one. Even if you understand the pros and cons, you may still have some reservations about pushing forward. This is natural, as filing for bankruptcy is one of the biggest financial decisions you’ll ever make. Understanding the primary advantages of Chapter 7 bankruptcy will help you decide if it’s the right decision for you at the present time: A new financial beginning: For the most part, Chapter 7 bankruptcy gives you More +

June 01, 2019 Dunlap Seeger

Considering the Potential of Buying Out Another Company

For business owners in Minnesota, the prospect of buying out an existing company and recreating organizational processes to match their initiative is both an exciting and risky decision. While the sheer weight of such a critical decision can be enough to turn some away, those who follow through with their idea may realize incredible opportunity if they implement the right strategies from the onset of their quest to buy out another company. The choice to acquire the assets of another More +

May 31, 2019 Dunlap Seeger

Bankruptcy Could Actually Help You Keep Your House

When people hear the word bankruptcy, they all too often immediately start to imagine losing everything they own and living in poverty. Bankruptcy, after all, means that you have reached a point where your debt overwhelms you and your income can no longer offset your financial obligations adequately. However, even people who make six-figure salaries can find themselves in need of bankruptcy protections, and filing for bankruptcy doesn’t mean you can’t recover financially afterward or have a better future. It More +

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