Personal Touch Bankruptcy Blog
Top 2 Mistakes Small Business Owners Make When Revenue Falls
Small business and professional services are most at risk to even minor economic setbacks. Those setbacks could be a recession, loss of a major customer, or minor mistakes in marketing. However, small business owners, when facing financial distress, compound the...
Dave Ramsey vs. Bankruptcy, The Bankruptcy Side of the Story
Dave Ramsey, creator of Financial Peace University and author of Total Money Makeover, has some very distinct views regarding bankruptcy. When you read his material, you will learn that he and his wife filed bankruptcy. He often describes the experience as “one of the...
What is a Preferential Payment in Chapter 7 Bankruptcy?
What is a Preferential Payment? When a debtor files chapter 7 bankruptcy, one potential asset that is often overlooked by the inexperienced debtor are the payments he might have made to creditors in the months leading up to bankruptcy. These payments are known as...