If the business just isn't a sole proprietorship, the limited remedy is no—Chapter 13 bankruptcy is for people and sole proprietors only. However, a business operator can file for Chapter 13 personally. At times, possessing fewer personalized credit card debt to pay for could be

With Chapter 7 bankruptcy, you'll be needed to liquidate many of your assets to repay your creditors. Despite Chapter thirteen bankruptcy, you might require to sell off certain assets to manage your payments. You can repay some debts throughout the Chapter 13 program, but may also uti