Few businesses operate without taking on some form of debt. The problems that can arise with taking on debt can often be avoided by making sure that payments to creditors are made on time. When a business fails to pay on time, a creditor can seek to enforce a debt.
However, when a business can’t pay a debt being enforced, business owners often wonder what options they have to get rid of the debt. Below, you’ll find five of the top legal questions small business owners have about business debts and bankruptcies.
