When you've got a registered business entity, for example an LLC or a corporation, you might be able to file independently. But filing bankruptcy for these small businesses is usually avoidable because you’re typically personally chargeable for business debts. The principal in

Bankruptcy destroys your credit. Your credit rating score implies how most likely it is actually you’ll repay financial debt, so bankruptcy can perform large damage to your credit rating. A bankruptcy will remain on your own credit rating report for approximately ten years, but you can

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