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Bankruptcy Chapter 11

Bankruptcy Chapter 11

Bankruptcy Chapter 11 Chapter 11 bankruptcy is designed to allow struggling businesses to restructure their finances and maximize the return to their creditors and owners. Businesses turn to Chapter 11 bankruptcy when pinched financially, often due to a temporary downturn. It can help a viable business keep the doors open long enough to regroup and… Continue reading Bankruptcy Chapter 11

Bankruptcy And The Personal Guarantee

Bankruptcy And The Personal Guarantee.

Bankruptcy And The Personal Guarantee A personal guarantee is a contract wherein an individual agrees to pay a business debt. A business owner will often sign a personal guarantee if a company needs to make a purchase on credit for things such as real estate, inventory, supplies, or services. By signing the agreement, the owner… Continue reading Bankruptcy And The Personal Guarantee