These are troubled economic times. If that comes as a surprise to you, feel free to stop reading now. Most residential neighborhoods are littered with foreclosure signs. Workers lost their jobs in record numbers (which largely explains the countless home foreclosures). Small businesses have been hit in a big way. Empty storefronts and offices are plentiful, evidence of the failure of many businesses. As businesses struggle to stay afloat, it is critical that they find ways to keep — or even expand — their customer base. Be creative in finding ways to promote customer loyalty. If … [Read more...]
Chapter 11 Bankruptcy: Basic Guidelines
Image via Wikipedia Filing for a Chapter 11 bankruptcy can be quite confusing. Knowing the basic in's and out's of the procedure may make it less complicated. Chapter 11 is almost always used for corporations and small businesses that need to reorganize their debt. One tip that is highly advised is to hire an attorney that has plenty of experience in the field. Filing for Chapter 11 bankruptcy on your own is not advisable, as it is usually a very complicated process that is beyond the capacity for most small business owners to grasp. The process of filing a Chapter … [Read more...]
Celebrities who went bankrupt
You will be amazed that some of the most popular celebrities have filed for bankruptcy at some point or the other so t is not exactly a common man problem! Here is a list of some such celebrities: Larry King: Hard to believe but Larry King filed for bankruptcy over 30 years ago! It was the year 1978 and Larry was in a major financial crunch. To make things worse, he was being tried for stealing money from his business partners. Although the charges were eventually dropped, this didn’t help his reputation. However, people soon noticed Larry’s talent and his popularity grew. He also made … [Read more...]