Small businesses need business planning for the future, and that planning needs to include what to do in the event of a bankruptcy.<\/p>\n
Filing for a bankruptcy is one of life’s more challenging moments, guaranteed to be a gut-wrenching experience. It’s a tough decision to make when someone’s hopes and dreams have been incorporated into a business. It’s a very personal decision as well and goes to the heart of how a person was striving for success and failed.<\/p>\n
While some regard the bankruptcy process as a way to get out of debt, there are things that people don’t know \u2013 things in the fine print they need to be well aware of before acting too precipitously. Last year’s small business bankruptcy statistics are a bit on the dismal side, clocking in at a high rate of roughly 65% of small businesses going under. Sure, some of it might have had something to (more…)<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Small businesses need business planning for the future, and that planning needs to include what to do in the event of a bankruptcy. Filing for a bankruptcy is one of life’s more challenging moments, guaranteed to be a gut-wrenching experience.…<\/span><\/p>\n