by Answerbag Staff on February 5th, 2010

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Must a company be insolvent to file for bankruptcy?

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  • by Contributing Writer on February 5th, 2010

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    Great Answer

    Professionally Researched. (What's this?)

    A company does not have to be insolvent to file for bankruptcy. A company can file a petition under Chapter 11 to remain in business during bankruptcy. A single business owner may qualify for some relief under Chapter 13 bankruptcy.

    Source:

    U.S. Courts: Bankruptcy basics

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