Disputes and Litigation Against Your Business Not Stopped by Your Personal Bankruptcy Filing
Careful: if your business is not a sole proprietorship, legal disputes against your business are not "stayed" by your personal bankruptcy's "automatic stay."
A Chapter 7 “Straight Bankruptcy” Can . . . Help You Avoid or Escape Litigation When Closing Down Your Business
Ongoing litigation, or the threat of it, against you and/or your business usually dies with your bankruptcy filing.
A Chapter 7 “Straight Bankruptcy” Can . . . Help You Deal with Taxes from Your Closed Business
Chapter 7 can legally write off some business-related taxes, and put you in a good position to take care of the rest.
If Your Business is Eligible to File Bankruptcy, Should It Do So?
If your business has failed or is about to, it does NOT likely need a bankruptcy. But YOU personally might.
