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What Happens When You File for Business Bankruptcy?

Fundera

SEPTEMBER 20, 2018

Business owners can file for Chapter 7, Chapter 11, or Chapter 13 bankruptcy, depending on the business’s debt levels and financial situation. A Chapter 7 filing typically ends in the liquidation of the business, with the assets distributed among creditors. Chapter 7 Bankruptcy (Liquidation).

Business Bankruptcy 74
Business Bankruptcy Bankruptcy Chapter 11 Chapter 7 74
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How to Find and Choose a Business Bankruptcy Lawyer in 5 Steps

Fundera

OCTOBER 20, 2018

Businesses can file for Chapter 7, Chapter 13, or Chapter 11 bankruptcy. Chapter 7 bankruptcy, also called a liquidation bankruptcy, is the most common type of bankruptcy. This is the chapter you file when your business can no longer afford to pay back debts. Chapter 11 is only for businesses.

Business Bankruptcy 59
Business Bankruptcy Bankruptcy Chapter 11 Chapter 7 59
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