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When You Can't Pay Your Business Debts: Personal Liability and Bankruptcy Options
If you're in imminent danger of losing your family's home or livelihood, get in touch with a knowledgeable small business attorney with bankruptcy experience.
Further Information
Learn what steps you should take -- or avoid -- to stay out of trouble with the IRS and the courts, in Ten Tips for Financially Troubled Businesses.
If you're considering selling most or all of your business assets, see Eight Key Steps to Selling Your Business.
When everything else has failed, see Closing Your Business: What You Need to Do.
FAQs
- What are the advantages of filing for bankruptcy?
- What exactly is bankruptcy?
- Right now, I cannot pay my debts. Besides bankruptcy, do I have any options?
- Are all financial counseling services the same?
- Are there danger signs that I am heading for debt troubles?
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