Fundera

SEPTEMBER 20, 2018

Business owners can file for Chapter 7, Chapter 11, or Chapter 13 bankruptcy, depending on the business’s debt levels and financial situation. A Chapter 7 filing typically ends in the liquidation of the business, with the assets distributed among creditors. Chapter 7 Bankruptcy (Liquidation).

Business Bankruptcy 74

Business Bankruptcy Bankruptcy Chapter 11 Chapter 7 74

Lendio

MAY 9, 2024

Some will require waiting seven years when the bankruptcy will be removed from your credit report. Others will consider your application within two to three years after the bankruptcy is closed if you’ve rebuilt your credit score. Type Description Chapter 7 Known as “liquidation bankruptcy.”

Bankruptcy 52

Bankruptcy Chapter 11 Chapter 7 Business Bankruptcy 52

Fundera

AUGUST 26, 2018

The biggest consideration for card issuers is your personal credit score—if you’re responsible with your personal debt, as indicated by your credit history, you’re lower risk for a business credit card. With that in mind, remember when you applied for your business credit card with your personal credit score?

Chapter 11 65

Chapter 11 Bankruptcy Chapter 7 Credit Card Companies 65