SaveTweetOne of the main motivations behind the bankruptcy code is to encourage entrepreneurs to start new ventures. Incurring debt is almost unavoidable, which is why there's a way out offered if a business venture goes south--otherwise, starting a business would be too risky.
There's often a period of debt for most businesses, but usually the expectation is that eventually the incoming cash flow will balance out and start turning a profit. So, what happens when this doesn't happen quickly enough, or at all?
Find out what your options are if your business debt becomes too much for your operations to sustain, personal bankruptcy and business debt, debt prioritization, and filing for bankruptcy.