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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?

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Derogatory Public Record or Collection Filed? Here’s What It Means For Your Business

tillful

Along with credit account information, credit reports typically include public records — records of incidents or actions recorded with a government agency. According to Dun & Bradstreet , they can include liens, judgments, bankruptcies, UCC filings, and business registrations. Judgments : 7 years after the last date filed.

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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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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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5 Signs You Need to File for Bankruptcy

Fundera

If you suspect that your business might need to file for bankruptcy, read on to consider whether your situation fits all of the below criteria. If you’ve signed a personal guarantee on any financing, you as the business owner can and will be held personally liable for the repayment of that loan regardless of your business structure.