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How To Go Bankrupt If We Have No Cash?

How To Go Bankrupt If We Have No Cash?

Concern: simply how much does it cost to get bankrupt? And why? Seems to me personally in the event your going bankrupt it is because you have got no cash.

Bankruptcy Does Price, But What’s Your Alternative?

You might be proper; it can cost cash to get bankrupt, for 2 reasons.

First, there clearly was a tiny expense to protect the management of the bankruptcy. This consists of filing fees and also the a tiny add up to protect your trustees time, staff and workplace costs.

Next, although trustees usually do not work with the federal federal government, we have been needed to follow federal government rules, and something associated with the rules concerns “surplus income”.