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The 2-Minute Rule for How Will Filing Bankruptcy Affect My Small Business

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The Chapter seven method is underway when you get an “automatic stay” within the bankruptcy courtroom. This stops creditors from pursuing the debts you owe them. The court considers the proposal and approves or denies it. If the courtroom approves it, the debtor needs to Keep to the reorganization https://three-things-to-avoid-whe58998.angelinsblog.com/29369543/details-fiction-and-how-will-filing-bankruptcy-affect-my-small-business

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