In most cases, a Liquidation Bankruptcy will end
your business interests. If the Trustee can find a buyer, the
business may be sold to pay bills. If the Trustee cannot sell the
business, he may sell non-exempt property which you need to operate
the business. [11 USC �541(a)]
|
Under Debt Adjustment, you will be able to
continue to operate the business without interference by the Trustee
or the court. The Trustee may require you to file a monthly
"Operating Statement" showing business income and
expenses, to make adequate provision for payment of taxes, or to
make other reports. [11 USC �1304]
|