Category Archives: Small Business Bankruptcy
Can a Business Bankruptcy Affect Your Personal Credit Score?
Running a business comes with financial risks, and sometimes, despite your best efforts, bankruptcy becomes necessary to resolve overwhelming debts. If you own a small business and are considering filing for business bankruptcy, you may be wondering whether it will impact your personal credit score. The effect of a business bankruptcy on your personal… Read More »
What Happens to Business Debts When a Small Business Closes?
Closing a small business is never an easy decision. Whether due to financial struggles, declining sales, or other unforeseen circumstances, shutting down a business comes with many challenges—one of the biggest being how to handle outstanding business debts. Many small business owners worry about who will be responsible for the debt, how creditors will… Read More »