Archive for the ‘Business Finance’ Category

Different Laws That Apply To A Business Bankruptcy

byAlma Abell

The laws that apply to the various types of business bankruptcy in Chicago focus on how debt is either repaid by the company or forgiven. In the United States there are essentially only two types of bankruptcy that are used by business; Chapter 7 and Chapter 11. In the case of Chapter 7 this involves winding up the company, selling off the assets, giving the money from the sale as partial compensation to the debtors. In the case of Chapter 11, this is a type of bankruptcy that will allow the company to develop a court approved restructuring plan and it will continue to operate as before while it pays down the debt.

The laws that apply to business bankruptcy in Chicago determine if the business even meets the necessary qualifications needed to declare bankruptcy. To qualify, the business is considered to be insolvent which means that it is unable to meet the financial obligations that were specified in the original contract. In cases like this court will appoint a trustee to oversee the situation, ensuring that creditors are paid, although it is a foregone conclusion that the creditor will receive but a percentage of the debt which is actually owed.

If a company is allowed to go into Chapter 11 bankruptcy the company is given an opportunity to reorganize its finances with a view to paying the accumulated debt and still stay in business. For Chapter 11 to be approved a petition, either voluntary or involuntary must be filed in court. Part of the petition is a plan that lays out how the company will repay the creditors. The company is then known as the debtor in possession which means that retain control of the assets during the restructuring process.

Chapter 11 also calls for a complete disclosure of all the assets and their value as well as any debt against them. It is this information that is used to determine if the plan satisfies the interests of the creditors. The creditors are given an opportunity to voice their opinion and vote to either accept or reject the plan.

The laws that apply to a Chapter 7 business bankruptcy in Chicago are different. In Chapter 7 the business must close and cease all operations. To gain approval for the company must prove to the court that it is unable to meet its financial obligations. A trustee is appointed, the assets are sold, usually at auction, the debtors are paid and the debts are discharged, the creditors have no further legal recourse to collect the debt.

There are differences in the laws and structure of the various ways in which a business bankruptcy in Chicago can be declared. To fully appreciate how the laws can affect your business you are invited to contact Chicago Debt Solutions.


Should You Use A Linear Or Switching Power Supply For Your Analog Synth?


If you’re looking for a power supply for your analog synthesizer, you may be trying to decide between a linear power supply and a switching power supply. Whether you’re building your own analog synth, putting together a modular, or buying a power supply for a used vintage keyboard, you want to make sure that you don’t have to deal with any power issues. Obviously digital synths can utilize either a linear power supply or a switching power supply with no problems.

YouTube Preview Image

What’s the difference? A linear power supply uses large capacitors that are recharged at the frequency of the incoming AC power to store its energy. A switching power supply uses a switching regulator to convert electrical power, and unlike a linear power supply, it constantly switches between full-on and full-off states and minimizes wasted energy by spending very little time in the high dissipation transitions. Every computer uses a switching power supply, and many other high-power electronics also use them.

While many synth buffs would recommend using a linear power supply over a switching power supply for analog synths, especially modular synths, the conventional wisdom on this topic seems to not have kept up with changing technology. Today, many models of switching power supply offer smaller, cooler, and significantly more efficient power than linear power supplies. Even when used with modular synths, a switching power supply can offer efficient and surprisingly quiet operation. Many old-school modular enthusiasts, in particular, argue against the use of linear power supplies for analog synths due to their perceived added noise, but a modern switching power supply is often just as quiet as a linear one. While they aren’t perfect for every application, there are many cases where a switching power supply is perfect for the job.

Tempted to build your own power supply? While many owners of modular synths see it as a more economical solution, a homemade power supply will lack the stability and safety of a good switching power supply. Think of all the modules in your rack. An errant surge or an internal power failure in a homemade power supply could easily destroy all of your synth modules. Don’ take that risk. Use a good switching power supply, and you won’t have to worry about that occurring.

If you’re looking for a power supply for your analog synth, there’s no reason not to choose a switching power supply. Despite the objections of many older synth enthusiasts, today a high-quality switching power supply can provide the same quiet power to your analog synths that a linear power supply can. Ignore the conventional wisdom that a switching power supply should never be used with an analog synth, and you’ll enjoy more efficiency with a switching power supply.

If you’re searching for switching power supply, CyPower provides the most efficient way for engineers and buyers to locate and purchase the specific power supply you need. No other website provides quick, easy access to the search tools and data available to today’s top manufacturers of power supplies. Research, compare, and purchase on one website. Call a CyPower sales rep at 800.477.0021, email, or visit


A Milwaukee Estate Planning Attorney Can Help You Protect Your Family

byAlma Abell

Nobody likes to think about death. Unfortunately, it is a part of life and something that must be planned for. One of the things you should do to protect your finances and your family is hire a Milwaukee Estate Planning Attorney to help you get your affairs in order and ensure your family is protected after you’re gone.

An estate planning attorney can help you draw up a will that designates how your assets are distributed to your descendants. This is important, particularly if you have a lot of property or money. A common issue that occurs when someone dies is the heirs begin fighting over any valuables left behind by the deceased. This can rip the family apart. Leaving behind an airtight will that details your wishes can prevent this from happening.Estate planning can also prevent the business you spent years building to continue after you’re gone. Many times people who own businesses don’t designate a replacement. As a result, the business gets handed over to people who don’t necessarily share the original owner’s vision. Another thing that can happen is the family may not want to run the business, and it gets sold. By creating will that details how you want the business to be handled, you can ensure your business continues to run successfully after you’re gone.

Another part of estate planning is developing a living will. These are documents that detail how you want to be treated in cases where you’re incapacitated. For example, you can tell your family what your medical wishes are if you slip into a coma. Another example, is you can assign power of attorney to someone you trust who will handle your finances and other details until you get better.

Drawing up these documents is a complex matter, which is why you want to have a Milwaukee Estate Planning Attorney assist you with it. The attorney makes sure the documents are sound so that your wishes are executed as you want them to be. Contact Sanger and Sanger to learn how an attorney can help you with your estate planning needs.