Business Bankruptcy: Personal Assets in a Chapter 7 Liquidation

Business Bankruptcy - Personal Assets in a Chapter 7 Liquidation

If your business has significant debt, bankruptcy may be the solution. Businesses can file for bankruptcy protection under both Chapter 7 and Chapter 11 of the Bankruptcy Code. Both provide effective but very different protections from creditors. In some cases, business bankruptcy can involve the personal assets in a Chapter 7 liquidation. You may want […]