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Can businesses file Chapter 13 bankruptcy?

April 26, 2017Bankruptcy businesses Chapter 13 file

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Can businesses file Chapter 13 bankruptcy?

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Yes. A personal bankruptcy filing will remain on your credit report for 10 years and may affect your ability to obtain credit — as well as the interest rates you’ll pay if you do obtain credit. Before filing any form of bankruptcy, be sure to consult a personal finance specialist who can examine your situation and help you decide on the best course of action. Footnotes 1 Bankruptcy Statistics, USCourts.gov 2 “Who may be a debtor,” U.S.