The Small Business Survival Guide: Navigating Insolvency and Personal Risk

Send us Fan MailAre you truly protected by your LLC, or is your "corporate shield" thinner than you think? In a year marked by one of the sharpest rises in bankruptcy activity in over a decade, with total filings increasing 11.9% through March 2026, understanding the boundaries of personal liability has never been more critical.Join us as we explore the high-stakes world of small business insolvency, where business-specific filings have surged by 11.4% as owners battle persistent inflation and high interest rates. We pull back the curtain on the "swords of Damocles" hanging over entrepreneurs—from personal guarantees that can expose your home and savings to seizure, to the IRS’s aggressive Trust Fund Recovery Penalty, which holds you personally liable for 100% of unpaid payroll taxes even if your business is incorporated.Each episode offers tactical remediation for owners in distress, comparing the benefits of Chapter 7 liquidation against the powerful "lifeline" of Subchapter V reorganization, which allows you to restructure debt while keeping your equity. Whether you are looking for out-of-court debt negotiation strategies, a structured wind-down to preserve your reputation, or a way to protect your personal credit score amid a corporate default, this podcast provides the expert insights you need to navigate financial storms.Don't wait for a crisis to build your rescue team. Subscribe now to learn how to identify early warning signs, audit your vendor agreements for hidden risks, and safeguard your financial future Support the showWebsite: https://murphybusiness.com/edison/Current Listings: https://murphybusiness.com/edison/businesses-for-sale/