Can I file for Chapter 13 Bankruptcy if I Own a Business?

If your business is a sole proprietorship, you can file for Chapter 13 bankruptcy to reorganize and repay your outstanding debts. If your business is a corporation or partnership, you will need to consult with a qualified bankruptcy attorney, such as Frutkin Lawfirm, PLC, in Phoenix, Arizona, to determine which bankruptcy chapter is right for your situation. Typically that will be Chapter 11 bankruptcy.

There are some limits when filing for Chapter 13 bankruptcy, and again, an experienced bankruptcy lawyer is your best advisor.