If Your Business is Eligible to File Bankruptcy, Should It Do So?
If your business has failed or is about to, it does NOT likely need a bankruptcy. But YOU personally might.
If your business has failed or is about to, it does NOT likely need a bankruptcy. But YOU personally might.
Question #1 for cleaning up financially after a failed business: can the business file a bankruptcy without you? Question #2: should it?
It sure helps in understanding the two main bankruptcy options if you know the cast of characters in each one.
In deciding between Chapter 7 and 13, get this question out of the way right away: “Can I keep everything I own if I file a Chapter 7 case?”