Posted on
September 25, 2009
at
2:23 am
Is filing individually any different from filing as a business? How to file bankruptcy for a small business?
Posted on
September 25, 2009
at
2:39 am
Is filing individually any different from filing as a business? - Yes, but I'm not a bankruptcy lawyer so I don't know the details. All I know is that a Chapter 13 individual filing is equivalent to a Chapter 11 bankruptcy in businesses.How to file bankruptcy for a small business?- first, look for a reputable bankruptcy attorney one with a proven winning track record s with small businesses.
Posted on
September 25, 2009
at
2:42 am
How to file bankruptcy for a small business?I think you need your accountant to file or if you're doing your own accounting, I guess head straight to the bankruptcy court in your district and file. But before that, expect to undergo credit counseling, as it is required.
Posted on
September 25, 2009
at
2:56 am
How to file bankruptcy for a small business?I think you have to be eligible for bankruptcy. Is your small business a limited liability company (LLC)? Perhaps you should speak with a financial consultant first - as bankruptcy can be avoided.Destroydebt.com offers a free initial consultation, just fill out a form.
Posted on
September 25, 2009
at
3:26 am
How to file bankruptcy for a small business? - It would be taken into consideration whether you are a sole owner or have multiple shareholders in your small business. But I am not well versed about them. So do consult an experienced attorney about it . What an attorney can do for you is also inform you of your state's requirements for this kind of bankruptcy.
Posted on
September 25, 2009
at
3:40 am
I think business bankruptcy would cost you around $50,000 to file
Posted on
September 25, 2009
at
3:43 am
The creditors can file bankruptcy for you. If this happens to you offer to exchange parts of your debt for creditor equity in your company instead. See if they'd agree but be careful not to give the creditors a majority vote. You wouldn't want them taking over the management and eventually, ownership of your business. If that's going to be the case, might as well file Chapter 11 or 13..
