Sole Proprietorship and Small Business Bankruptcy Starting a business endeavor doesn’t always progress according to plan. Even if you have the best idea, the risk of failure will be present. Sooner or later, you will have to decide about the future of the business. Occasionally, such decisions involve cutting the losses. Bankruptcy is a viable […]
Introduction to Bankruptcy for Small Businesses Filing bankruptcy has options for not just individuals, but for businesses as well. In fact, businesses and individuals can file the same Chapters of bankruptcy a�� Chapter 7 and Chapter 13. While individuals can file Chapter 11 bankruptcy, it is usually utilized by small businesses who do not qualify […]