• Business Bankruptcy Basics
  • December 13, 2017 | Author: Kristen Bates
  • Law Firm: The Strong Firm P.C. - The Woodlands Office
  • A rise or fall in the economy. An adverse legal judgment. Unexpected bills or lack of payments from business partners. A natural disaster. Small businesses face financial blows like these all the time and end up asking the same question: Should my small business consider filing bankruptcy?

    Bankruptcy is a legal process for individuals and businesses to use as a means to eliminate or repay debts under the protection of the federal bankruptcy court system.

    Before filing for bankruptcy relief, a small business owner should consider these questions: (click here to continue)