Reorganizing The Individually Owned Business

Businesses owned solely in an individual’s name or owned by a married  couple might well look to reorganize through a Chapter 13 bankruptcy.  There may be a time when the business is being crushed by debt but could  go forward profitably if debts were prioritized and in many cases  substantially reduced. Chapter 13 is  only […]

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How Can Individually Owned Businesses File for Bankruptcy?

CHAPTER 7 When  a sole proprietorship simply cannot continue to pay his/her debts a  Chapter 7 may be the best option. A sole proprietorship can include a  married couple owning the business together. It must be remembered that  when a sole proprietor files a Chapter 7 the person is filing the case.  So the filing

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