Q.Can I restart my business after liquidation of the current business?

A.Businesses that require little capital, have few assets, or are really just extensions of the owner's skills and personality (small service companies) generally should not attempt a chapter 11 reorganization. For these types of businesses, liquidation is a much better option. Once liquidated, if you have sufficient capital there is no reason why you should be precluded from starting another business.

© Copyright 1999-2024 Melissa C. Marsh. All Rights Reserved. All Information on this website is subject to a Disclaimer and Use Agreement. This information is provided as general information only and should not be construed as legal advice. We advise you to seek the advice of competent legal counsel to address your own specific questions, facts and circumstances.