Transcript:
00:00:00
As far as what happens to my small business debts in a bankruptcy, and we’re talking about a personal bankruptcy, chapter 7 or chapter 13, those are treated the exact same way that personal debts are. So, that’s why many small business owners are a little confused when they come to us and uh we’re talking about a personal bankruptcy. And that’s because uh they’re treated just the same. And it almost all small business debts you owe them personally as well. So, uh, a medical bill, a credit card, or a debt
00:00:38
owed to a a vendor uh from a small business, they’re all treated just the same. So, uh, for small business owners, bankruptcy cases work great.
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