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Is This Corporation Really Separate From Its Owners: A Checklist

By Cathy Moran, Esq. Filed Under: Business bankruptcy

corporate really separate

In a perfectly-executed world, clients who do business via an entity like a corporation or LLC would arrive with their business life neatly separated from their personal lives. However, that’s not the world I practice in. It’s probably not yours, either. Instead, I have to sleuth out the facts, and compare them to the individual’s […]

Filed Under: Business bankruptcy Tagged With: 2021, business, corporation

Sole Proprietorship In Chapter 7 In Trustee’s Cross Hairs

By Cathy Moran, Esq. Filed Under: Business bankruptcy

sole proprietorship locked up

Why would a bankruptcy trustee shut down a sole proprietorship business with no value? That question comes up again and again from newish bankruptcy lawyers who can’t imagine that a trustee would demand the closing of the debtor’s proprietorship business. After all, goes the argument, the debtor needs to make a living and the business […]

Filed Under: Business bankruptcy Tagged With: business, dba

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