Introduction Part 1: Background Information for the Businessperson Section 1: Types of Small Businesses and Their Operations Sole Proprietorships Partnerships Corporations Limited Liability Company Section 2: The Special Challenges of an Entrepreneur - Double-sided Pressure Reasons for Money Problems Downward Spiral Effects of Financial Pressure Section 3: The Dangers of Past Due Debts, Bankruptcy and the Collection Process Business Creditors Personal Creditors Steps the Creditor Cannot Take Steps the Creditor Can Take Section 4: Overview of Bankruptcy and How it Works Chapter 7 Chapter 11 Chapter 12 Chapter 13 Comparing the Types of Bankruptcies Section 5: The Interplay of Business and Personal Debt Section 6: Myths about Debt and Bankruptcy It Will Ruin My Credit Notice of My Bankruptcy Will be Put into the Newspaper or Become Public It Will Ruin My Spouse's Credit I Will Lose My Home and Cars I Will Lose All My Other Property They Will Sell My Property at an Auction in Front of My Home If I File, My Spouse Will Have to File Also My Spouse and I Will Lose Our Jobs I Will Lose My License I Cannot Get Student Loans I Cannot Have a Bank Account I Will Be Put in Jail if I Do Not Pay My Bills The Debts Will Go Away in Time I Can Never Have Credit Again Section 7: Alternatives to Bankrupting the Business or Yourself Budget Borrowing and Debt Consolidation Dealing With Creditors Work Out Program Section 8: Lawyers, Business Creditors, and Their Function Work Outs Section 9: Traps and Mistakes to Avoid When you Have Money Problems Pension Plan Borrowing Borrowing against a Home to Pay Off Credit Cards Borrowing from Family and Giving a Vehicle or Home as Security Taking Cash Advance on a Credit Card or Cashing Checks Living on Credit Cards Transferring Balances from One Card to Another Lie or "Puff-Up" Numbers on Loan Applications Not Paying Income Taxes Stopping Payment of Withholding Not Following Corporate Formalities Section 10: Analyzing Business Debts and Assets Before Bankruptcy Leases Vehicle and Equipment Leases Business Credit Cards Purchase Agreements Assets Value Profit and Loss Section 11: Taking a Financial Inventory Computing Your Debt Ratio Quick Ratio Worksheet Classifying Your Debts and Assets Section 12: What Will I Lose? Section 13: Do's and Don'ts of Filing for Bankruptcy Pay Themselves Bonuses after No Pay Taking Goods From Business Pay Off Loans to Family Members and to Close Friends Transferring or Selling Property to Family or Friends at a "Sweetheart Price" Paying Off Car Loans Buying a New Car or a Reliable Car Hiding Assets Part 2: Types of Bankruptcy Section 14: Chapter 7 Bankruptcy The Automatic Stay Trustee Section 341 Meeting After the 341 Meeting Problems That Can Arise Section 15: Chapter 11 and Chapter 13 Bankruptcy Chapter 11 Chapter 13 Bankruptcy Operation of a Chapter 13 After the Plan is Filed Post Plan Problems Section 16: Post Filing Issues Inheritances Tax Refunds Gifts from the Family or Friends Deceiving the Trustee Income Increases Section 17: Post Filing Steps and Problems in Chapter 7 Audit Challenges by the Creditors Challenges by Third Parties Criminal Sanctions Part 3: Life and Business After Filing Bankruptcy Section 18: Continuing in Business after Bankruptcy Keeping a Business Alive Section 19: Rebuilding Credit Reasons to Have Credit Obtaining Credit after Bankruptcy Reaffirming Credit Cards Score Keeping Rebuilding Your Credit Glossary Appendix A: Personal and Business Budgeting Appendix B: Federal and State-Specific Bank.