Business Bankruptcy

Business Bankruptcy: Frequently Asked Questions

By Glenn A. Brown, DMD, MBA on March 7, 2010

What is the difference between a Chapter 7 and Chapter 11 bankruptcy?
Businesses usually have a couple of choices when filing bankruptcy. Chapter 7 bankruptcy is reserved for those companies that are struggling so badly that they cannot remain in business. The business is usually liquidated, then all assets left over are distributed between shareholders and [...]

Posted in Articles, Bankruptcy, Business Bankruptcy, Excerpts, FAQ | Tagged bankruptcy discharge, Business Bankruptcy, chapter 11, Chapter 7 bankruptcy, FAQ | Leave a response

What happens to you if your business files bankruptcy?

By Glenn A. Brown, DMD, MBA on September 10, 2009

Whether or not your business bankruptcy will affect you personally depends on the type of bankruptcy you file.
If you file chapter 7, the shareholders of your corporation (including you) could lose your stock values if the stock shares are liquidated with the corporation assets.
If you choose to file chapter 13 bankruptcy, the shares of the [...]

Posted in Bankruptcy, Business Bankruptcy, FAQ | Tagged businsess bankruptcy, chapter 11, chapter 13, chapter 7, debt reorganization | Leave a response

Is your Small Business in Financial Trouble?

By Glenn A. Brown, DMD, MBA on February 23, 2009

If you’re considering declaring bankruptcy, we realize this is not an easy decision for you to make. However, you are not alone in making that decision. If you’re like many other business owners (small and large), staying on top of your business debts and keeping your doors open has proven to be a struggle in this [...]

Posted in Articles, Business Bankruptcy | Tagged Business Bankruptcy, chapter 11, chapter 7, financial trouble | Leave a response

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Business Bankruptcy