By Robert I. Feinberg | Published February 3, 2025 | Posted in Bankruptcy | Tagged Tags: Bankruptcy, Partnership, Sole proprietorship | Comments Off on Filing for Personal Bankruptcy When You Own a Business
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Filing for Personal Bankruptcy When You Own a Business
Personal financial struggles can happen to anyone, even successful business owners. If you’re thinking about filing for bankruptcy as an individual, you might be wondering what effect, if any, taking such a step will have on your business. Depending on the type of business structure and bankruptcy chapter, the implications can vary significantly. Sole proprietorships Read More
Read MoreBill Proposes to Make Filing for Bankruptcy Easier
Rules relating to bankruptcy are always under scrutiny from lawmakers, as well as interest groups representing both debtors and creditors. In the past several years, we’ve seen the institution and expiration of changes prompted by the COVID-19 pandemic and the 2019 introduction of Subchapter V proceedings under Chapter 11. Some members of Congress are looking Read More
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