Small business answers — NOW!

Business bankruptcy

What is business bankruptcy? 
Business bankruptcy is a legal protection filed by a debtor company when its operation is being disrupted by collection actions taken by creditors.

There are two basic business bankruptcy filing options: Chapter 7 and Chapter 11.

Search further in this category for more on this topic. 
Related Categories: Credit, Legal, Negotiating
© 2007, Small Business Network, Inc., All Rights Reserved.
Subject to the Terms of Use of
Print this page   Bookmark this page   E-mail this page to a friend   Go back to previous page
AskJim ID: 722