Question by darshunk: Can I still be sued personally once my business files for bankruptcy? My business has 4 or 5 credit cards. If my business files for bankruptcy, can I still be sued personally for the debt if I personally gauranteed the debt? I am guessing the answer is “yes” but the balances are [...]

Blockbusted: A Netflix Knock-Out, Bad Metaphors on the Path to the Movie Monster’s Bankruptcy The Blockbuster age is fading, and at last the company is preparing for bankruptcy. In the past two years, the shrinking video-rental store has struggled to stay afloat with 0 million in debt, drowning all the while in revenue losses of [...]

Business Bankruptcy Tips Closing down businesses can be heart breaking for the entrepreneurs who have given their blood and sweat for building them. Closing down because of the debt problems can be particularly intolerable. More than the financial problems, emotional problems will haunt the entrepreneurs. On top the heavy competition in the business world, the [...]