Posts Tagged ‘los angeles’
When you own a business it falls to you to make certain all your customers pay you on time. There are times when you might have one or two of them not pay though, then you will have to make a big decision. You could just forget the debt. Just consider it a learning opportunity and just go forward.
Most people are familiar with normal forms of bankruptcy, like chapters 7 and 13. However chapter 11 may not be so familiar, as it usually concerns businesses. Yet, many businesses large and small, face problems in difficult financial times, and may need to consider bankruptcy. Here is a look at bankruptcy and how it applies to business.