Business Bankruptcy & Debt Settlement

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Business Bankruptcy & Debt Settlement

If your business has debt it is unable to pay, the first step is to negotiate with your business partners directly. Another option is to file for bankruptcy protection in federal court, to eliminate debt and repay some or all of it in a structured manner. Business bankruptcies are usually described as either liquidations or reorganizations, depending on the type of bankruptcy your business undergoes. A Court Buddy bankruptcy attorney can help you navigate this process.