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Atlanta bankruptcy lawyer Jonathan Ginsberg explains why it is almost always a bad idea to cash out your 401(k) or retirement money in an effort to avoid bankruptcy.

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In reality, it’s the opposite. And this is the second mentality: the Prosperity mentality. It says that there is not only enough, but there is more than enough. It’s only fear and lack of knowledge that keeps people from prospering. Here’s a pop quiz. Do you think there is a shortage of. . .

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American Apparel could avoid bankruptcy with cash infusion

American Apparel (APP) could avoid bankruptcy with a cash infusion of as little as $5M this month. One source says sales of spring fashions have started to generate positive cash flow this month, and the company could clear a loan covenant hurdle with an infusion of $5M-$10M in cash from an outside investor. In addition [...]

Cash Crunch, 2.0: Why Can’t Small Businesses Get Loans?

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