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Yes, a business can file for Chapter eleven bankruptcy and stay open up. Your business will restructure itself and/or reorganize and negotiate credit card debt repayments that can help deal with the repayment program. To keep the business open, you’ll have to follow this reorganization program closely and post any necessary ongoing documentation.

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If you can’t look for a way to get from debt in the next 5 years – and possess diligently researched solutions – then bankruptcy may perhaps reward you.You repay the loan in installments above a span of as many as 24 months, producing positive payment action on the credit history studies, which might enhance your credit scores. If you do not