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Monday, November 22, 2010

What does Bankruptcy mean to a Corporation?

Some might think that Bankruptcy rules change when a corporation steps up to file.

In some ways, they'd be absolutely right. In others, not so much.

Let's flesh a few of those details out as we discuss what Bankruptcy is like for a business as opposed to a consumer.

1 comment:

  1. Bankruptcy can have disturbing effects on personal and professional life for longer duration. It affects your credit rating and borrowing capacity in near future. Hence, declaring bankruptcy should be considered as last resort.