What Is Best For You – Foreclosure or Bankruptcy?

If you are self employed and you reach the stage where your monthly expenses are greater than your income, it is time to consider what the best option is for you - foreclosure or bankruptcy? Do not wait until it gets so bad that you lose all your possessions before you take action. There are different options depending whether your company is a close corporation, registered company, sole proprietor or if you formed a trust at the commencement of the business. A close corporation and sole proprietor are very similar. Depending how many members form part of the close corporation and who the … [Read more...]

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