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Posts tagged "small business bankruptcy"

Filing a Chapter 7 Bankruptcy Petition as a Small Business

For struggling small business owners, the distinction between personal bankruptcy and business bankruptcy can be of tremendous importance. Depending on the organizational structure of your business, that distinction may be difficult to make. While bankruptcy can be a powerful tool for giving hardworking but struggling business owners a second chance, it is crucial to understand what impact business bankruptcy may have on your personal finances, and vice versa, before embarking on the process.

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