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Can the owners of a business that files a Chapter 7 bankruptcy start another business afterwards?

April 26, 2017Bankruptcy Business chapter 7 files owners

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Can the owners of a business that files a Chapter 7 bankruptcy start another business afterwards?

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Yes. However, using the same company name as the bankrupt business may cause confusion, adversely affecting the new business by having it unfairly listed in credit reports. You should contact a corporate bankruptcy attorney before starting a new business.