A new law imposes civil and criminal penalties on small businesses for failure to provide information regarding certain owners and those associated with the business
Bankruptcy is a legal proceeding designed to relieve debtors with relief from their creditors. A debtor is required to list all his assets, income and creditors. Most bankruptcies involve cases under Chapter 7 or Chapter 13 of the Bankruptcy Code. Unless a proof of claim is timely and properly filed an unsecured creditor will likely […]