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Bankruptcy

: The Debt Podcast

Should Your Corporation or Limited Liability Company File Chapter 7 Bankruptcy?

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Most of the time, there is no reason to file a Chapter 7 bankruptcy for a corporation or limited liability company.  (We?ll call them both ?companies? in this post).  However, there are some instances where filing Chapter 7 for the company makes good sense. Normally, bankruptcy is about one thing: the bankruptcy discharge order.  The order states, [...]

Full post as published by The Debt Podcast on September 23, 2009 (boomark / email).

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