business bankruptcy
Can a new business of the same type of filing bankruptcy, 2002/03 has been completed?
After the filing of a bankruptcy in the season 2002/03 completed in Michigan, I can open another, the same kind of company? I had opened a studio photography business (LLC) in June 2,001th Were affected after September 2001, my business was slow but building. I ran into financial difficulties with the cost of running that I did not know When starting a business. Photography is my passion and I'd like them to do it again. I only had to further 2 years, I would have been okay. but Unfortunately, as the time when the market conditions, two small children, and only a new house in the last 2 years I had no choice but to sign bankruptcy, or else lose the house. I 'm financially stable, and was wondering if I could open up a new photo-shop, under a different name. This time more slowly, and at my home on a freelance Basis. I do not know, ask who to call in the local government office, or even what they ask. Has anyone an answer?
There is no legal restriction Opening a new business. The real question is, how difficult will it be for you. Well, it depends on how your credit is now, and if you need Loans in order to conduct our business. A bankruptcy could be difficult for you, the rental of studio or buy supplies on credit. It all depends on your current Circumstances.
Implementing the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005: Business Bankruptcy
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