User Account

All Pages

What are options for bankruptcy

Assignment Help Business Management
Reference no: EM131892857

Assume you are the sole proprietor of a jewelry store, a small business that opened five years ago and operates from a leased space in a local mall. Within the past two years, business has deteriorated and your jewelry store now has debts totaling $560,000, with business assets (equipment, display cabinets, furniture, etc.) worth only $40,000. Your personal assets (personal property, i.e., car, small condo, etc.) are valued at $160,000. All the creditors for your jewelry business are secured creditors.

You are considering filing for bankruptcy as you do not see a way to pay the current debts.

What are your options for bankruptcy? What would be the likely result if you file for each option?

Discuss your rationale, justification specifically and in detail.

Reference no: EM131892857

Questions Cloud

Discuss significance in how we view terrorism : The term "terrorism" has many definitions, and even official definitions of the term differ. Describe in detail why definitions vary yet have great importance.
Basic uses of exploratory research : What is consider to be the basic uses of exploratory research?
Who are mrs nobles followers : Based on the model of servant leadership what outcomes has Mrs. Noble's servant leadership attained?
How the event prompted a change in national ideals : You will pick one of the events identified on the timeline and discuss how that event prompted a change in national philosophies or ideals.
What are options for bankruptcy : What are your options for bankruptcy? What would be the likely result if you file for each option?
Discuss the evaluation type in brief : Discuss why it is important to evaluate training. Which evaluation is more important: summative or formative? Explain why you choose that evaluation type using.
Foreclose on charles office inventory : Charles now cannot pay any of his debts, so both EBC and CB attempt to foreclose on Charles' office inventory.
What is the purpose of the bill of rights : In terms of civil liberty and criminal justice how has the U.S. Constitution remained durable and viable despite enormous social change during U.S. history?
How can colleagues be prepared for marketing activities : How can colleagues be prepared for marketing activities? Provide at least two examples.

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd