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Tag: Chapter 7


Your Options for Bankruptcy with Partnerships

If the partners in a business have come to the agreement that filing bankruptcy is the best option for the company financially, then there are two Chapters to file under. Chapter 7 and Chapter 11 bankruptcy are options for a partnership. Where Chapter 7 allows for trustees to sell of remaining assets for payable funds…
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Hand holding out credit card. Small business bankruptcy.

Small Business Bankruptcy and Relieving Debt

Coming to terms with filing for bankruptcy can be an arduous process. Although it’s a last resort for many small companies, it can also be a way to revitalize your business. There are a few different ways to file and selecting the right one for your situation will be the first step in relieving debt.…
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