Bankruptcy Law Questions? Ask a Bankruptcy Lawyer Now.
Thank you for your question. I am happy to assist you.
A Chapter 13 bankruptcy appears to be the solution. Let me explain.
As an individual, there are two types of bankruptcy available. A Chapter 7 and a Chapter 13.
There are distinct differences in between a Chapter 7 and a Chapter 13 bankruptcy.
A Chapter 7 bankruptcy could discharge (erase) all of your credit card debt. It would be an opportunity for a fresh financial start. Depending on whether your business would have value to a third party, you may lose the business.
I hope that the information which I provided was helpful to you.