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The Small Business Owner's Guide to Bankruptcy [Paperback]

Wendell Schollander (Author), Wes Schollander (Author)
4.0 out of 5 stars  See all reviews (1 customer review)


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Book Description

October 1, 2002
Money problems don't have to mean the end of your business

Understand your legal rights-
Learn to use bankruptcy laws to save your business

Many small business owners make decisions that prevent them from using the bankruptcy laws to save their businesses, homes or other property.

The Small Business Owner's Guide to Bankruptcy provides the information you need to avoid those kinds of mistakes.

--Gives general background information for all small business owners
--Reasons for money problems; the collection process
--Types of bankruptcy and their alternatives
--Myths about bankruptcy
--Do's and Don'ts of filing for bankruptcy

--Explains the types of bankruptcy and filing steps
--Chapter 7
--Chapter 11
--Chapter 13

* Discusses business after bankruptcy
--Keeping your business alive
--Rebuilding your credit
--Working with banks

Editorial Reviews

About the Author

Wendell Schollander received his BA in Economics and his MBA from the Wharton School of Finance at the University of Pennsylvania. He received his law degree from Duke University. Mr. Schollander has practiced law in the corporate and bankruptcy fields for more than thirty years. He has served as general counsel of RJR Archer and the Specialty Tobacco Counsel. Mr. Schollander currently practices law in Winston-Salem, North Carolina.

Wesley Schollander received his BA from the University of North Carolina and his JD from Wake Forest School of Law. He is a member of the North Carolina Bar Association and the North Carolina Young Lawyers Association. Mr. Schollander currently practices law in Winston-Salem, North Carolina.

Product Details

  • Paperback: 256 pages
  • Publisher: Sphinx Publishing; 1 edition (October 1, 2002)
  • Language: English
  • ISBN-10: 1572482192
  • ISBN-13: 978-1572482197
  • Product Dimensions: 9.9 x 7 x 0.6 inches
  • Shipping Weight: 1.1 pounds
  • Average Customer Review: 4.0 out of 5 stars  See all reviews (1 customer review)
  • Amazon Best Sellers Rank: #322,832 in Books (See Top 100 in Books)

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2 of 2 people found the following review helpful:
4.0 out of 5 stars Intensely practical workbook for when things are going downhill, October 9, 2006
This review is from: The Small Business Owner's Guide to Bankruptcy (Paperback)
If small business bankruptcy is on your mind, you may be experiencing a few sleepless nights. Rather than reaching for the sleeping pills, stay up with this clear, brief and sympathetic introduction to bankruptcy laws and how they function. The authors, attorneys Wes and Wendell Schollander, walk the small-business owner through a typical bankruptcy, pointing out the traps to avoid. You do not need to read it from cover to cover since most chapters stand alone. Although that results in some repetition, we recommend this book both to small business owners in a financial jam or those who are worried they might be, and to anyone who wants to understand bankruptcy basics without paying for a single billable hour of attorney time.
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Inside This Book (learn more)
First Sentence:
There are many different ways to organize a business-from sole proprietorship to sub-chapter S corporations. Read the first page
Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
business partnership property, rebuilding your credit, wrongful death recoveries, private retirement benefits, personal injury recoveries, lawsuit papers, personal creditors, considering bankruptcy, corporate shield, qualified benefits, unlimited value, life insurance proceeds, small businesspeople, unpaid wages, small businessperson, bankruptcy lawyer, business creditors, financial inventory, bankruptcy system, secured credit cards, vehicle worth, state exemption, health aids, corporate formalities
Key Phrases - Capitalized Phrases (CAPs): (learn more)
Consumer Credit Counseling, Quick Ratio, North Carolina, United States
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