Declaring bankruptcy is the sum of all fears for many business owners. If you’ve reached that point and there are no other alternatives, then you need to proceed to filing Chapter 7 and dissolving the business. While you’re aware that the bankruptcy adversely affects credit history, you may not be sure how it will affect you.
Making ends meet as a single parent may take some creativity
Sometimes, divorced parents find themselves with sole custody of their children and little, if any, financial support from their co-parent. While noncustodial parents have an obligation to help support their children, sometimes they simply don't have the resources to provide much help. In some cases, they may be incarcerated and unable to help at all.
