Small businesses are the backbone of our country. Yet, 50% of small businesses fail within five years. Small business help is needed, and bankruptcy may be the way to do it. How can bankruptcy help?
Bankruptcy can restructure business debt so that the business can manage the debt load. Sometimes, closing a business can be a wise and responsible strategy. Bankruptcy may be needed to keep the owner of the business from being overwhelmed with personal liability on debts that have been personally guaranteed.
Common causes of small business failure.
Common myths about business bankruptcy.
Bankruptcy options for small businesses.