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Good budgeting can keep your small business fiscally sound and safe from bankruptcy. Here are budgeting and financial tips from the pros.
Proposals, bankruptcy and arrangements for businesses, and how to find help.
If individuals or businesses have significant debt that they can’t repay, they can file for bankruptcy in order to get rid of these debts and start over.
Bankruptcy filings among small businesses are rising, and more owners will face a critical juncture between epic failure and successful rebound positioning.
A case filed under Chapter 11 of the bankruptcy code is frequently referred to as a “reorganization.” It is used primarily by incorporated businesses. Individuals whose debt exceeds the maximum limit for Chapter 13 also file Chapter 11. The debtor uses the time from their bankruptcy filing to the confirmation of their debt repayment plan to reorganize their finances. Failure to successfully reorganize and get a debt repayment plan approved may result in a Chapter 11 case being converted to a...
Contents ; Understanding bankruptcy · Bankruptcy pros and cons · Bankruptcy alternatives · Consult With a Professional
For anyone in debt, bankruptcy should be a last resort. A number of companies offer bankruptcy advice for a fee, but is their advice trustworthy?