There are a lot of different types of business bankruptcies. Unique factors affect each and can make certain ones better for your business than others. Here is what you need to know about business bankruptcies and how they can affect your company. Chapter 7 One of the...
As a business owner, you may struggle with the financial burdens of an economic downturn. Whether the cause is your business plan or the state of the economy, learning about your bankruptcy options may prove helpful. Bankruptcy for businesses typically falls into one...
Running a business, whether large or small, means taking risks, including not being able to pay debts. Bankruptcy gives Ohio small businesses a legal way out of certain debts that they see no way of paying. However, many owners may wonder what type of bankruptcy they...
Entrepreneurs understand the risk of starting a business. They know the chances they are taking, and that the odds are stacked against them. Roughly 20% of all new small businesses maintained operations for more than a year between 2005 and 2017. Then half of that...
