A year into the pandemic, bankruptcy remains an important option for business owners and operators.

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A bankruptcy filing under Chapter 7 of the US Bankruptcy Code could help you wind down your business and discharge certain types of unmanageable debt.

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While it sounds counter-intuitive, bankruptcy can save your business.

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If your business is struggling with overwhelming debt, options are needed. Different options apply in different circumstances. For some, an offer in compromise (OIC) could have value.

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For businesses faced with tough economic conditions and mounting debt, bankruptcy may be an option.

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The rosy business prospects of January 2020 gave way to the kind of business devastation that most people have never seen. For business owners, hard times have made for hard choices.

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