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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).

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Business Bankruptcy Bankruptcy Chapter 11 Chapter 7 74
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Derogatory Public Record or Collection Filed? Here’s What It Means For Your Business

tillful

MAY 17, 2023

A derogatory mark on a credit report refers to a negative item such as a late payment, a loan default, a repossession, or a foreclosure. Unfortunately, derogatory marks cause your credit scores to drop and alert future creditors that you present a higher credit risk. Attorney at Law at Smith Law Firm.

Credit and Collections 52
Credit and Collections Bankruptcy Credit Reporting Agencies Credit Scoring 52
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