Bankruptcy – is this your only way out?

What is bankruptcy, and how does it affect you?
"Becoming bankrupt is a very serious decision and you must only approach it as a last resort."

Bankruptcy! The actual word can bring fear to grown men and that sick feeling to the stomach.

The term bankruptcy literally means "broken bench". In days gone by, when a debtor couldn't pay his/her bills, they would break his/her workbench in two as a warning to other tradespeople and to punish the debtor.

Today, bankruptcy is a tool that can legally help your business to survive or allow you to discharge the debts of your busi...

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