1. Don’t leave out bank, checking, savings, brokerage, credit union accounts.
2. Don’t use your credit cards.
3. Don’t take credit cards cash advances.
4. Don’t use convenience checks.
5. Don’t make balance transfers.
6. Don’t pay debts to family.
7. Don’t pay debts to friends.
8. Don’t tell a creditor you intend to pay.
9. Don’t leave assets of any kind off of your paperwork.
10. Don’t fail to tell your attorney about your small business, sole proprietorship, partnership, LLC, LLP, LC, Corporation or hobby.
What small businesses and their owners need to know about the new Chapter 11 Sub-chapter 5
What is Sub-chapter 5 The Sub-chapter 5 of Chapter 11 Bankruptcy is a legal mechanism that allows companies and owners in financial duress to reorganize their finances and operations into