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Bankruptcy can provide a second chance for small businesses

If you are a Maryland small business owner struggling to stay afloat, you may be searching for options to keep your company open. Depending on your specific situation, bankruptcy may provide the breathing room you need. At [nap_names id=”FIRM-NAME-1″], we frequently assist clients in finding the best resolution to their debt problems and help them get back on track. According to Chron, Chapter 11, also known as “reorganization bankruptcy.” While it can be more complicated and expensive than Chapter 7, this option offers protection from

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Filing a Chapter 11 petition for the first time

Filing a bankruptcy petition can be tough for anyone, but some people face an especially difficult time when it comes to the bankruptcy process. For example, those who have complex financial circumstances may be unsure of which route to take or how bankruptcy will affect their finances. This is often especially true for someone who has never filed for bankruptcy before. If you are planning on going through bankruptcy for the first time, it is pivotal to be fully prepared. Assuming that you have thoroughly

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