i got a business loan from a bank but now my business is in trouble, would filing bankruptcy loose my business

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i got a business loan from a bank but now my business is in trouble, would filing bankruptcy loose my business

Jake in Indiana posted: 12 Sep at 10:01 am

Call an accountant.
BuhJude posted: 12 Sep at 8:34 pm

What do you mean loose your business? Is it too tight? You own your own business? lol
Space493 posted: 16 Sep at 12:03 am

If you have a loan from a bank then they have rights to some form of collateral. It could be some assets owned by your business. If that is the case then in bankruptcy the bank as a “secured creditor” can force you to sell the assets and give the money to them.

If the loss of these assets ends your business then yes they can put you out of business.
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Jennifer posted: 17 Sep at 9:56 am

Hi,
I used “Credit Solution” to settle my debt and avoid bankruptcy.They managed to reduce my debt up to 58% .It’s legitimate.I came across this company on NBC News Special Edition.Check it out here:

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i got a business loan from a bank but now my business is in trouble, would filing bankruptcy loose my business

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