The Pros and Cons of Filing Business Bankruptcy
The Startup Magazine
AUGUST 25, 2019
Creditors frequently object to discharge or to sale of assets. Chapter 13 can be used by sole proprietors, one-person corporations, and certain LLCs in some states to repay some debt, “cram down” any assets that are subject to loans and otherwise reorganize their business under a three- to five- year repayment plan.
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