How to decide whether to declare bankruptcy - Smart Business Network

03/31/13


Smart Business Network

How to decide whether to declare bankruptcy
Smart Business Network
That can be difficult depending on the number of creditors. What are the differences between Chapter 7 and Chapter 11 bankruptcy filings? Chapter 7 is liquidation, so there is a trustee appointed and the business is almost never sold as a going concern.
Going kaput: Bankruptcy – what are the options for the shareholder?The Express Tribune
DC area bankruptcy filings for April 1Washington Post

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