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01-16-2013 09:59 AM
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Recent Entries

Bankruptcy for small businesses - Know your options

by justine on 01-16-2013 at 09:51 AM
If you are having major debt problems in your small business, then it is best that you address them immediately. many a times it happens that your business doesn't run successfully and you are unable to pay back the money to the debtors from whom you had borrowed initially. In such a case you should opt for bankruptcy. Depending upon the circumstances, there are three potential bankruptcy options that small businesses have. These are discussed in brief as follows.

Chapter 7 Bankruptcy

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Bankruptcy Law