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Business insolvency is often confused with bankruptcy. While they are two different things, insolvency often precedes bankruptcy. It doesn’t have to, though. Learning more about what insolvency is can help business owners who are trying to restructure their debt...
When a business struggles to stay afloat, the fine print of existing contracts can become a major concern. As you consider bankruptcy, you may wonder whether these agreements will remain enforceable or become void. The reality is that bankruptcy can have a significant...
Chapter 7 bankruptcy allows you to get rid of most of your unsecured debts. However, it also liquidates your nonexempt assets to pay off your creditors. If you are a business owner considering a personal Chapter 7 bankruptcy, you might be worried about losing your...