Our economy is not running smoothly for everyone. While some individuals and businesses are flourishing under current business conditions, others are not. In particular, small businesses which depend upon local government contracts, or upon tourists, weather conditions (landscaping, snowplowing), or low fuel costs (transportation, trucking), have seen tough times lately.

Businesses can run into the "red" rather quickly unless they can diversify quickly, reduce costs, or find other sources of reliable income. If a business finds itself in financial turmoil and has unsuccessfully tried the usual techniques to weather the financial storm, perhaps learning about bankruptcy reorganization may be helpful.

This website has several articles about businesses reorganizing in Chapter 13. Chapter 13 is useful for sole proprietorship businesses, or for some small corporations which can be "dis-incorporated" into sole proprietorships and then reorganized. However, other small businesses need to remain corporations when they reorganize. For those businesses, Chapter 11 is the only game in town. Although Chapter 11 can be somewhat more expensive to navigate than Chapter 13, it is not prohibitively expensive for the well-prepared business.

A new article is available on the website describing the basic Chapter 11 process for small businesses - be sure to consider all your business's options when financial trouble threatens to destroy everything for which you've worked.