Alternatives to Bankruptcy for Small Business Owners

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If your business is struggling under a mound of debt, filing for bankruptcy isn't always the only way to go.

If you cannot keep your business, you can close the doors or liquidate it without filing for bankruptcy. The articles below discuss the different ways of doing this.

If you want to save a struggling corporation or LLC, you may be able to keep your doors open by convincing your creditors to accept a work out, or taking advantage of state laws that help you do the same.

Alternatives for Sole Proprietors and General Partnerships

If you don't want to, or cannot, keep your business, here are some alternatives to bankruptcy.

Dealing With Small Business Debt: Alternatives to Bankruptcy
If your business is struggling with debt, consider some of the alternatives to bankruptcy.
Dealing With Business Debts: Selling Your Business
If your business is struggling with debt, in some situations selling your business may be a good alternative to bankruptcy.
Dealing With Business Debts: Liquidating Your Business
If you have decided to close down your business, liquidating it yourself may be an attractive alternative to filing for bankruptcy.

Alternatives for Corporations and LLCs

Non-Bankruptcy Alternatives for Corporations and LLCs
You may be able to save your corporation or LLC without filing for bankruptcy.

Help for Struggling Businesses

Saving a Money-Losing Business
Here are some business survival tips for businesses going through tough times.
Is It Time to Hibernate or Sell Your Struggling Business?
Closing your business -- even if it's temporary -- by either selling it or hibernating it, may be the best option right now.
When Your Business Is in Financial Trouble: What Not to Do
Finance tips for your struggling business: what to avoid.
More Articles on Help for Cash-Strapped Businesses
Nolo's Small Business Center can help you with your cash-strapped business.