In most cases, declaring bankruptcy for a failed business will leave the business owner penniless and homeless.

Name: In most cases, declaring bankruptcy for a failed business will leave the business owner penniless and homeless.
Brand: Quizplus
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Quizplus · Accepted Answer

Declaring bankruptcy does not necessarily leave a business owner penniless and homeless. Bankruptcy laws often protect certain assets, including a primary residence and a portion of the debtor's income, to allow for a fresh start.

In Most Cases, Declaring Bankruptcy for a Failed Business Will