How Chapter 11 Can Help
That dream of owning your own business has turned sour. The popular neighborhood coffee shop you started was flourishing until a national coffee chain opened a block away. You've tried everything, even maxed out your business credit cards, but the cash flow can't keep up with your cash obligations. It's time to consider a Chapter 11 bankruptcy - a type of bankruptcy usually reserved for businesses.
This type of bankruptcy could save your business and lower your debts, though there are some disadvantages, too. This guide provides the information you'll need to make an informed decision.
About Steve Evans
Steve Evans is an award-winning journalist and former managing editor of general media in the Central Virginia Newspaper Group. He has worked as a senior writer for SNL Financial and as a reporter for the Bristol Herald Courier, The Progress and the Richmond-Times Dispatch; he has also served as a magazine and online news editor at the Darden Graduate School of Business at the University of Virginia. His work focuses on business, finance, tech, health and education, and government and public policy.