Chapter 11 bankruptcy is notoriously expensive and time-intensive for business owners. However, in 2005 Congress passed the Bankruptcy Abuse Prevention and Consumer Protection Act, which aimed to make the process simpler and less expensive for small businesses that otherwise would…
Understanding Chapter 11 Bankruptcy, the Business Bankruptcy for Property Owners
Bankruptcy is a legal financial status initiated by an individual or business that for some reason cannot repay its debts. The US Bankruptcy Code governs all bankruptcy cases in the United States. Therefore, the federal government will oversee your…