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Economy is forcing me to close my business. I have had no revenue for over 8 months and none in the foreseeable future. What are my responsibilities to the few payables I have left if I cannot pay them?
Economy is forcing me to close my business. I have had no revenue for over 8 months and none in the foreseeable future. What are my responsibilities to the few payables I have left if I cannot pay them?
How is your business organized (LLC, corporation, sole proprietorship, partnership, public company, etc.)? Were your payables secured by personal guarantees?
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