The draw back is that each one business and personal assets develop into Component of the bankruptcy estate. But you won't lose everything. Bankruptcy regulation means that you can hold "exempt" property in Chapter 7, like some equity in a house and vehicle, residence items, a retirement account, clothing, https://three-things-to-avoid-whe23210.wssblogs.com/29906809/the-smart-trick-of-how-will-filing-bankruptcy-affect-my-small-business-that-no-one-is-discussing