Why Business declare Bankruptcy ?

Business declare Bankruptcy Federal bankruptcy laws are designed to help debt – burdened individuals and businesses get a fresh start. You declare bankruptcy by filing papers in a bankruptcy court. Your creditors are immediately barred from trying to collect what you owe them. So, at least temporarily, creditors, even the IRS, cannot legally empty you bank account, repossess your property, or cut off your utility … Continue reading Why Business declare Bankruptcy ?