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How Will Filing Bankruptcy Affect My Small Business for Dummies

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Chapter 7 bankruptcy — recognized also as “liquidation” or “straight” bankruptcy — indicates the end of the business. The procedure will involve surrendering nonexempt assets to become sold by the trustee assigned towards your case, Using the proceeds staying distributed between creditors. I was in dire straights and genuinely https://top-bankruptcy-attorney-n16059.blogs-service.com/60897194/indicators-on-how-will-filing-bankruptcy-affect-my-small-business-you-should-know

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