Chapter 11 Chapter 7 Law Firms 
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).
Fundera
OCTOBER 20, 2018
Businesses can file for Chapter 7, Chapter 13, or Chapter 11 bankruptcy. Chapter 7 bankruptcy, also called a liquidation bankruptcy, is the most common type of bankruptcy. This is the chapter you file when your business can no longer afford to pay back debts. Chapter 11 is only for businesses.
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