As a small business owner, you may be no stranger to financial struggles that threaten your business and perhaps even your personal assets. If you are in this situation, what alternatives there are to bankruptcy for getting debt relief? And if you do choose to file bankruptcy, what are the benefits and potential drawbacks of doing so?
We recently published a white paper to explain how to approach these questions. The paper is called Business Owner Bankruptcy: Opportunities and Threats.
You can use the paper to help identify your options for resolving debt and protecting your own assets, which may be at risk if you personally guaranteed loans to your business.
You will also learn about which debts can and cannot be discharged in bankruptcy, as well as which property you may be able to keep under Tennessee’s system of exemptions.
Please take a look at the white paper and use its contents to inform yourself about what your options are for resolving your business’s debts and moving forward.