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RMAI Update May 2023

RMAi Blog

26, 2023) A consumer filed for Chapter 7 bankruptcy, listing past-due rent he owed, and was subsequently granted a discharge. Convergence Acquisitions, LLC Cornerstone Support, LLC CSS Impact D & A Services, LLC Dobberstein Law Firm, LLC Epicenter Technologies Pvt. Nat’l Credit Sys. , 21-3131, 2023 U.S.

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

Fundera

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.

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What Happens When You File for Business Bankruptcy?

Fundera

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).

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

tillful

Further, a business bankruptcy filing drops off of Equifax business reports after five years, whereas it takes seven to 10 with the personal credit bureaus; seven years for a Chapter 13 bankruptcy and 10 years for a Chapter 7 bankruptcy. Attorney at Law at Smith Law Firm.