Author Archives: Jennifer K. Dayton

Business bankruptcy may appear to be an easy way out for businesses that are heavily weighed down by debt, but bankruptcy is not as easy as it may seem. You need to determine whether or not your business has good potential. A Chapter 7 bankruptcy, which would liquidate the business, will be applicable if your business does not have a future anymore. However, if you can see some light at the end of the tunnel, you may prefer to file for bankruptcy under Chapter 11, which will help reorganize the business. Consider contemplating on and preparing the following before you file for business bankruptcy: Continue reading →