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If you are an entrepreneur, you probably understand that financial hardship can hit your business at any time. An ex-employee can sue you for wrongful dismissal and win a significant amount of money in damages. Or, your business can bear the brunt of an economic...
Filing for bankruptcy is a stressful and difficult process, but it could be the only viable solution to getting your company’ back on track. Filing for Chapter 11 bankruptcy allows you to restructure your finances while keeping the doors to your business open. Before...
A business declaring bankruptcy is different from an individual doing so. In addition to the procedures followed, a business owner will inform several parties about the decision, including their employees. Telling your employees that the company is going bankrupt can...
