What happens to my company if I file for bankruptcy?

What happens to your company if you file for bankruptcy is it stops all operations and goes completely out of business. If your company files for Chapter 7 or “straight bankruptcy”, it is completely insolvent. A company undergoing Chapter 11 has the opportunity to restructure its financial framework and be profitable again. Learn more about what happens to your company when you file for bankruptcy below.

Free Car Insurance Comparison

Compare Quotes From Top Companies and Save

secured lock Secured with SHA-256 Encryption

UPDATED: Jun 29, 2022

Advertiser Disclosure

It’s all about you. We want to help you make the right legal decisions.

We strive to help you make confident insurance and legal decisions. Finding trusted and reliable insurance quotes and legal advice should be easy. This doesn’t influence our content. Our opinions are our own.

Get Legal Help Today

Find the right lawyer for your legal issue.

secured lock Secured with SHA-256 Encryption