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It’s now easier than ever for US small businesses to go bankrupt | Gene Marks

Reorganizing under chapter 11 of the bankruptcy code has been too onerous and expensive a task but the Small Business Reorganization Act provides relief With the economy relatively strong and most small businesses doing pretty well, this may not seem like the most opportune time to be thinking of bankruptcy. But lets face it: when the economy ultimately turns downwards, many small businesses are going to face financial hardship. And many of those may very well be forced into bankruptcy. In the past the problem has been that getting a…

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