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General Topics
Bankruptcy is Alive and Well. DON'T BELIEVE THE HYPE!
Chapter 7, specifically
Chapter 13, specifically
What is bankruptcy
Are there alternatives
Am I eligible
Can I keep property
How to decide
Does my spouse have to file
How long does it take
What will it cost
What will bankruptcy stop
Should I tell my creditors
What about my home
Should I load up on debt
Can I include utilities
Include all debts & property
What happens at the hearing
I have a business
Secured creditors
Are bankruptcies reported
Are employers notified
Can I cancel my bankruptcy
Types of bankruptcies
Do I attend a hearing
What should I do
What will it cost?

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I have a business. Can I go bankrupt on it?


A. Small businesses can file either a Chapter 7 or a Chapter 13 bankruptcy (although corporations cannot file Chapter 13). Depending on your business situation, you may be able to continue on in business even after filing. A business bankruptcy is often simply done as part of your individual bankruptcy.   In most cases, though, small business owners, whether operating as a DBA or a corporation or LLC, are personally responsible for the debts of the business.    This means that you would probably have to file bankruptcy personally, not just the business.

Generally, the whole hearing takes only a few minutes, although there is usually a wait for your case to be called.