Can a business be forced into bankruptcy?
It depends if the company have the financial crisis then they are forced to file business bankruptcy.
Yes. If enough is at stake, creditors can start an involuntary bankruptcy proceeding against a business. This doesn’t happen too often but it does happen when creditors are concerned that a debtor is squandering or misappropriating assets that should otherwise go to pay debts that are owed to them. Return to index . . .
Yes. Creditors can initiate an involuntary bankruptcy proceeding against a business. This occurs in infrequent situations when creditors are concerned that the business in debt is squandering or misappropriating assets that should otherwise go towards paying debts owed to creditors. IF YOU ARE CONSIDERING PERSONAL OR CORPORATE BANKRUPTCY Count on the experience, understanding, and professional counsel of Rick Baum. Contact him online or call 310-277-2040 today to find out how he can help you take control of your financial future. Rick Baum welcomes small business and private clients, as well as referrals from other attorneys. Headquartered in Los Angeles, CA, the law office of Richard T.
