Starting a business is always a risk, and sometimes it doesn't end well. Read on to find out if bankruptcy is the right move for you.


What Will You Need For A Chapter 13 Repayment Plan?

2 July 2020
, Blog

The repayment structure that is the most distinguishing feature of Chapter 13 bankruptcy is often referred to as a wage earner's plan. Under Chapter 13 bankruptcy law, individuals and couples who have the necessary resources to make payments, usually at reduced amounts, can ask the court to grant relief. If the court accepts the petitioner's request, the judge will ask them to produce a repayment plan that must fit within a timeframe of between three and five years.
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is bankruptcy a smart business move?

America is supposed to be the land of opportunity. What do you do when you try to take advantage of an opportunity that ends up costing you more than what it is bringing in? Sometimes, a business that you start just doesn't work out as you had hoped. It could be that you don't have enough experience or it could be that the market goes bad. Whatever the reason for the business not doing well, you will have to think carefully about your next step. Is bankruptcy the only way to get through this difficult time without losing everything you have worked for?