HOW WILL FILING BANKRUPTCY AFFECT MY SMALL BUSINESS - AN OVERVIEW

Pros and Cons: The upside is it’s speedy and allows you to move on. The draw back is that you’ll have to shut your business, and it could affect your own credit if you’re personally liable for the business debts.If the debts you should spend in Chapter thirteen are considerable and you don't make more than enough to repay the essential amount

So why would you wish to hold out? You could know there is an inexpensive opportunity that you'll facial area an much more critical financial dilemma Sooner or later. By way of example, suppose you happen to be suffering from an disease and accumulating healthcare financial debt.In lieu of promoting assets, the filer can Merge, or consolidate, debt