Economic Development Council | Helping islands businesses to thrive

What you need to know about bankruptcy

Learn what you need to know about bankruptcy before you need it. Mary Schmitt, Attorney at Law, discussed: “Title 11 of the United States Code: Bankruptcy-All Those Chapters-Briefly, What Do They Mean?”

Even if your finances and your business are in great shape, this is important information for any business owner, or really anyone, to know so that they can be in a better position to protect themselves, their business, and their assets in case of future stresses.

The video content (BELOW) is all audio, so you can listen while cooking or in your car. There are also closed captions and transcript (auto-generated, but pretty good).

If you have more questions about this topic, let us know.

Mary Schmitt is a Friday Harbor attorney who has practiced bankruptcy law for 28 years. Mary assisted over 2500 individuals and businesses with bankruptcy during the last economic crisis. She offers a free consultation regarding whether to file for bankuptcy. You can find her contact information at www.islandbankruptcylaw.com.

Attorney Schmitt makes the following disclaimer: While Attorney Schmitt strives to discuss the complex information of bankruptcy law as timely and as accurately as possible, the attorney makes no claims, promises or guarantees about the accuracy, completeness or adequacy of the contents of the discussion and expressly disclaims liability for errors or omissions in the content. Every entity’s financial circumstances are unique. Attorney Schmitt, therefore, encourages participants and other listeners to seek individual professional legal assistance regarding bankruptcy law and the relationship of bankruptcy law to the CARES ACT. Attorney Schmitt offers a free initial consultation regarding these issues. She can be reached at 425‐309‐6281 and maryschmitt@rockisland.com. Attorney Schmitt’s website address is www.islandbankruptcylaw.com.


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