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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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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 a Business Has to File for Bankruptcy

Fundera

Let’s review the different types of bankruptcy, and what happens when your business has to file Chapter 11. Small Business Bankruptcy Filing Options. Small businesses have three basic options for filing for bankruptcy: Chapter 7, Chapter 13, and Chapter 11.

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How to Recover From Business Credit Card Debt

Fundera

Filing for bankruptcy should be—and is—a last-resort option. But if you’ve run out of alternatives to recover from business credit card debt, you should know what’s involved in filing for business bankruptcy or personal bankruptcy.

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How to Get Merchant Cash Advance Debt Relief

Fundera

Bankruptcy should be reserved as a last possible resort, but it can also mean the difference between saving and ruining your business. Bankruptcy will negatively affect your credit report, but it also might keep your business from completely failing.

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Divestiture Definition: What Is Divestiture in Business?

Fundera

Bankruptcy. No one wants to deal with a small business bankruptcy , but unfortunately these things happen. When they do, you’ll likely have to sell off major components of your business (or, as is even more likely the case, the entirety of the business’s holdings, assets, and property). The Benefits of Divestiture.