11. Don’t give of gift property to anyone.
12. Don’t transfer assets to anyone unless it is a genuine sale for fair value.
13. Don’t cash out retirement plans or 401k’s.
14. Don’t gamble.
15. Don’t hide assets or debts.
16. Don’t forget timeshares or co owned property.
17. Don’t omit unfiled legal claims you have.
18. Don’t forget stock options, profit sharing plans, or pension rights.
19. Don’t take out payday loans.
20. Don’t put your money in your children’s bank account.
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