Small Business Bankruptcy
If your small business is struggling with debt, bankruptcy may provide some relief.
If your small business is struggling with debt, bankruptcy may provide some relief. Whether bankruptcy can help depends on a number of factors, including:
- the legal form of your business — for example, is your business a sole proprietorship, general partnership, corporation, or limited liability company?
- whether you are personally liable for business debts
- whether you want to close your business or keep it running, and
- how much and what types of debts you have.
In this area, you can find information on using Chapter 7, Chapter 13, and Chapter 11 bankruptcy for business debts, how to figure out if you are personally liable for business debts, whether you can get credit or loans after filing bankruptcy for your business, and whether there are nonbankruptcy alternatives to deal with business debt in your situation.
Get Informed Articles Information
Start here to learn about filing for bankruptcy for your small business.
Chapter 7, Chapter 13, and Chapter 11 bankruptcy may help your small business if it is struggling with debt. Learn more.
If you are a struggling small business owner, filing for Chapter 7 bankruptcy may help save your business or provide a simple way to liquidate it.
If you’re a small business owner struggling with debt, Chapter 13 bankruptcy may help you reorganize your debts and save your business.
With Chapter 11 bankruptcy, a small business can restructure and eliminate debts and continue in operation.
Find out if bankruptcy can help your struggling business keeps its doors open.