- Don’t transfer assets to anyone unless it is a genuine sale for fair value.
- Don’t borrow money without talking to your attorney first.
- Don’t write bad checks.
- Don’t put your money in your children’s bank account.
- Don’t hide assets or debts.
- Don’t gamble.
- Don’t make balance transfers.
- Don’t give of gift property to anyone.
- Don’t misrepresent facts to your attorney.
- Don’t assume you understand bankruptcy fully, ask your bankruptcy lawyer.
The Survival of Your Business: How Subchapter V Saves Your Business from Bankruptcy
In business, financial distress is an unfortunate reality that companies face. Downturns in the economy or unavoidable major expenses could suddenly push even the most resilient of companies to bankruptcy.
May 21, 2025
