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April 2015 Archives

Three Ways to Reduce Debt and Avoid Bankruptcy

reduce-debt-avoid-bankruptcy.jpgCalifornia has consistently been at the top of the list for states with the highest number of bankruptcies in the country. It was number one in 2011 reporting over 240,000 bankruptcies, according to Debt.org. For the millions of Individuals who face financial problems, there may be an opportunity to avoid bankruptcy.

When to Consider Company Reorganization under Chapter 11 Bankruptcy

chapter-11-bankruptcy-california.jpgFiling for bankruptcy is never something that a business wants to have to consider, but it can be a way for a company to reorganize and find a financial solution to work its way out of debt. The Department of Justice has researched trends in Chapter 11 bankruptcy filing and have seen numbers of filed cases exceed 3,000 over the past few years. However, this is a significant drop compared to the two decades previous.

Set Business Expectations through Fiduciary Duty

business-law-fudiciary-duty.jpgThe term "fiduciary duty" is technical in nature, but in simpler terms, it covers the expectations between business partners to do the right thing when it comes to the working relationship. There are common duties associated with a fiduciary relationship which include duties of confidentiality, loyalty, and good faith.