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Careful: if your business is not a sole proprietorship, legal disputes against your business are not "stayed" by your personal bankruptcy's "automatic stay."
Ongoing litigation, or the threat of it, against you and/or your business usually dies with your bankruptcy filing.
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 has failed or is about to, it does NOT likely need a bankruptcy. But YOU personally might.
