Corporations

Why incorporate a sole proprietorship?

Bankruptcy guru Cathy Moran writes again about corporate debt.  What’s the point of incorporating?  It’s usually more effective at protecting the business from the owner’s debts than it is in protecting the owner from the business’s debts.  Click here to read her article. The flip side of this is when a corporation incurs a huge […]

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Large local business files chapter 11

I often ride my bike past the headquarters for THQ, a large video-game company in Agoura Hills, California.  In fact, it’s the third-largest employer in the city, after Bank of America and the local school district.   Two days ago, it filed for bankruptcy protection under Chapter 11 of the code (click here to view the […]

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Where can you file a bankruptcy case?

I had a client who lived in Europe – Luxembourg, of all places.  He went there because his business ventures in the US were going bad, so he took time away from this country.  His wife was a national of Luxembourg, so he moved his whole family to a house in the shadow of his […]

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