Joint Bankruptcy Petition
Joint Bankruptcy Petition
If you are in a partnership and thinking about declaring your company bankrupt, you should get professional advice as special conditions apply. As each of the partners is liable for the debts of the partnership you can either petition for winding up the partnership with or without filing individual bankruptcy, or present a joint bankruptcy petition by all the partners. Before deciding whether to file an individual or joint bankruptcy petition you should talk to a professional adviser who will inform you about:
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possible alternatives to bankruptcy;
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how to file an individual or joint bankruptcy petition;
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the consequences of both solutions for both of the partners.
A bankruptcy might have long-term repercussions on both partners, so you should carefully consider other options before you take it any further. Get free help from a professional advisor by filling out the form. A qualified debt adviser will call you back shortly and discuss the options most suitable to your needs.