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What Is Corporate Bankruptcy?

YoungUpstarts

The legal process by which a company declares that it is unable to pay its debt and need some relief is termed as corporate bankruptcy. After filing bankruptcy one may become debt free. Filing bankruptcy is not a failure; it is a way to restart your life. Two types of bankruptcy: Chapter 7: The U.S It will help him a lot.

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Why Seek Assistance From A Bankruptcy Attorney Before Filing For Bankruptcy?

YoungUpstarts

Contact a debt relief attorney before filing for bankruptcy if you experience a serious economic crisis and can’t repay debts on time. . The post Why Seek Assistance From A Bankruptcy Attorney Before Filing For Bankruptcy? appeared first on Young Upstarts.

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An Entrepreneur’s Guide To Recovering From Bankruptcy

YoungUpstarts

Going through bankruptcy isn’t fun, but there’s hope on the other side. Here's a guide to recovering from bankruptcy. The post An Entrepreneur’s Guide To Recovering From Bankruptcy appeared first on Young Upstarts.

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Newchip Enters Into Bankruptcy Liquidation

SiliconHills

By Laura Lorek, publisher and senior writer of Silicon Hills News Newchip entered into bankruptcy liquidation last week. The Austin-based company rebranded as Astralabs, doing business as Newchip and Newchip Accelerator, filed for Chapter 11 bankruptcy reorganization on March 17th, listing $1.7 million in total assets and $4.8

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Does A Business Bankruptcy Hurt My Personal Credit?

YoungUpstarts

Sadly, sometimes it’s impossible to avoid bankruptcy when you have a business. Will your business’s bankruptcy harm your own credit score? In any of the three cases you can file for bankruptcy and it won’t (or shouldn’t) impact the credit of any party involved. The post Does A Business Bankruptcy Hurt My Personal Credit?

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Key Strategies for Starting a New Business After Bankruptcy

Up and Running

Starting a business is difficult, but establishing a new business from scratch after filing for bankruptcy can be an even bigger challenge. Nothing is as stressful as bankruptcy. Filing bankruptcy will offer a fresh start and keep your debts behind you. How soon can you start your own business after filing for bankruptcy?

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Small Business Startup Advice: What You Need To Know About Bankruptcy

YoungUpstarts

As you are working on your small business startup, it is very likely that the last thing you want to be thinking about is the potential for bankruptcy. After all, bankruptcy is very often associated with failure and you don’t want to cloud your vision with thoughts about potential collapse. What is Bankruptcy?