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Getting a Business Loan After Bankruptcy

Lendio

Whether you’ve gone through a personal or business bankruptcy, lenders will consider past bankruptcies when making a loan decision. This post will cover common questions about bankruptcy and how it impacts your loan application. Can you get a business loan after bankruptcy? Types of bankruptcy.

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What Happens When You File for Business Bankruptcy?

Fundera

What Is Business Bankruptcy? If you’re struggling to pay off business debts, filing for business bankruptcy might help. Business owners can file for Chapter 7, Chapter 11, or Chapter 13 bankruptcy, depending on the business’s debt levels and financial situation.

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How to Find and Choose a Business Bankruptcy Lawyer in 5 Steps

Fundera

How to Find and Choose a Business Bankruptcy Lawyer in 5 Steps. Evaluate your business’s financial situation and goals. Recognize the red flags of bankruptcy mills. Source bankruptcy lawyers through referrals, bar associations, and legal directories. Compare bankruptcy lawyers by asking the right questions.

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What Happens When a Business Has to File for Bankruptcy

Fundera

When it comes to the future of your business, filing for bankruptcy might seem like the absolute worst thing that could happen. However, filing for bankruptcy is not necessarily a death sentence—in fact, it could mean the difference between sinking or saving your business. Small Business Bankruptcy Filing Options.

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How to Recover From Business Credit Card Debt

Fundera

As you read on, consider that the best option for your business might be a little from Column A and a little from Column B, so to speak. No one wants to—nor should—go straight to filing bankruptcy. It’s also a better alternative than declaring bankruptcy to preserve your credit. Declare bankruptcy.

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How to Get Merchant Cash Advance Debt Relief

Fundera

File for bankruptcy. If your business is simply facing too much merchant cash advance debt, you can consider filing for bankruptcy. Bankruptcy should be reserved as a last possible resort, but it can also mean the difference between saving and ruining your business. File for bankruptcy if your debt is untenable.

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Divestiture Definition: What Is Divestiture in Business?

Fundera

This can take several forms (hence why the divestiture definition is so vague), including the sale of a specific service to another party, the liquidation of inventory that will no longer be offered as a product line, bankruptcy, or selling off the business entirely. . Bankruptcy. The Benefits of Divestiture.