Latest News 2012 September Small Business Bankruptcies Down

Small Business Bankruptcies Down

Small businesses bankruptcies have reportedly experienced a second quarter decline of almost 17% from the number of bankruptcies filed in the first quarter. In a study conducted by Equifax, small business bankruptcies have reportedly had a fourth straight quarter of decline. According to reports, more small businesses are aligning their assets and cash flows and witnessing encouraging signs in small business lending. However, with the exception of many California markets which experienced more than a 20% drop, almost all of the 15 Metropolitan Statistical Areas bankruptcy numbers have remained unchained from a year ago.

Anyone at any time can find themselves needing to file for bankruptcy, whether personal bankruptcy or as a company. You need to know that these matters can be resolved in a beneficial way if handled properly so that you are able to move forward with your life. You do have rights to protect during this difficult time, but it’s important that you take the correct steps to do so. Filing for bankruptcy does not have to be the end, but can be the chance at a new beginning when you make the right choices.

With the help of a bankruptcy attorney, you can begin to resolve this matter and get your life back together. A lawyer will know how to best approach your situation and all aspects including any court proceedings. You can count on an attorney to always have your best interest in mind while settling your bankruptcy situation. Please take some time today to contact a bankruptcy lawyer and begin discussing the details of your case now.