You've likely heard of individuals filing for bankruptcy because they have too much personal debt. However, businesses can also file for bankruptcy when they can't afford their loans and bills any longer. If your small business is struggling, you may want to consider filing for bankruptcy, but first, check out these three frequently asked questions, so you know which option is right for you. Is Personal Bankruptcy an Option? Depending on the size and type of business you have, you may be able to file for personal bankruptcy instead of business bankruptcy.
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