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Chapter 7 for Small Businesses

The Business Debt Exception to the Chapter 7 Means Test

The means test determines whether your income is low enough to qualify for Chapter 7 bankruptcy.  However, if most of your debts are business r...

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Chapter 7 Bankruptcy for LLCs and Corporations

Filing for Chapter 7 bankruptcy is a valuable option for corporations and limited liability companies (LLCs) that are going out of business. Read ...

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Chapter 7 for Small Business Owners: An Overview

If you are a struggling small business owner, filing for Chapter 7 bankruptcy may help save your business or provide a simple way to liquidate i...

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Can You Keep Your Business If You File for Chapter 7 Bankruptcy?

If you want to file for bankruptcy but keep your business, Chapter 7 bankruptcy is probably not a good option.

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Small Business Tax Debts in Chapter 7 Bankruptcy

If you are a sole proprietor, it is likely that your business taxes will not be discharged in Chapter 7 bankruptcy. If you operate your small bu...

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Chapter 7 Bankruptcy for Partnerships

If your partnership can no longer stay in business, filing Chapter 7 bankruptcy may provide an orderly way to close and liquate the business.

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Chapter 7 Bankruptcy for Sole Proprietors

If you are a sole proprietor, you may be able to wipe out both your personal and business debts by filing Chapter 7 bankruptcy.

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What Happens to Business Assets in Chapter 7 Bankruptcy?

If you are a small business owner, you are probably concerned about what will happen to your business assets when you file for Chapter 7 bankruptc...

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Can Chapter 7 Bankruptcy Solve Your Business Debt Problems?

If your small business is struggling with debt, filing for Chapter 7 bankruptcy might help.

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Which Business Debts are Discharged in Chapter 7 Bankruptcy?

Many of the debts that drive business owners to file for bankruptcy can be discharged through a Chapter 7 p

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