Fundera

SEPTEMBER 20, 2018

What Is Business Bankruptcy? If you’re struggling to pay off business debts, filing for business bankruptcy might help. Business owners can file for Chapter 7, Chapter 11, or Chapter 13 bankruptcy, depending on the business’s debt levels and financial situation.

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Business Bankruptcy Bankruptcy Chapter 11 Chapter 7 74

Fundera

OCTOBER 20, 2018

How to Find and Choose a Business Bankruptcy Lawyer in 5 Steps. Evaluate your business’s financial situation and goals. Recognize the red flags of bankruptcy mills. Source bankruptcy lawyers through referrals, bar associations, and legal directories. Compare bankruptcy lawyers by asking the right questions.

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Business Bankruptcy Bankruptcy Chapter 11 Chapter 7 59

Fundera

OCTOBER 2, 2017

Let’s review the different types of bankruptcy, and what happens when your business has to file Chapter 11. Small Business Bankruptcy Filing Options. Small businesses have three basic options for filing for bankruptcy: Chapter 7, Chapter 13, and Chapter 11.

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Bankruptcy Chapter 11 Chapter 7 Business Bankruptcy 100

tillful

MAY 17, 2023

Further, a business bankruptcy filing drops off of Equifax business reports after five years, whereas it takes seven to 10 with the personal credit bureaus; seven years for a Chapter 13 bankruptcy and 10 years for a Chapter 7 bankruptcy.

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Credit and Collections Bankruptcy Credit Reporting Agencies Credit Scoring 52

Fundera

AUGUST 26, 2018

Filing for bankruptcy should be—and is—a last-resort option. But if you’ve run out of alternatives to recover from business credit card debt, you should know what’s involved in filing for business bankruptcy or personal bankruptcy.

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Bankruptcy Chapter 11 Credit and Collections Chapter 7 65

Fundera

JULY 28, 2019

No one wants to deal with a small business bankruptcy , but unfortunately these things happen. When they do, you’ll likely have to sell off major components of your business (or, as is even more likely the case, the entirety of the business’s holdings, assets, and property).

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Bankruptcy Chapter 11 Chapter 7 Business Bankruptcy 40

Fundera

JULY 11, 2017

If you suspect that your business might need to file for bankruptcy, read on to consider whether your situation fits all of the below criteria. If you’ve signed a personal guarantee on any financing, you as the business owner can and will be held personally liable for the repayment of that loan regardless of your business structure.

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Bankruptcy Chapter 11 Chapter 7 Business Bankruptcy 85