Starting your Business Post-Bankruptcy

1. STARTING YOUR BUSINESS POST-BANKRUPTCY What it takes to start a new business post- bankruptcy? LEARN FROM YOUR MISTAKES Look at your past operational challenges and mistakes and identify the factors that brought your company down. Use your experiences to come up with an improved and even better business plan for your new business. TYPE OF BANKRUPTCY YOU FILED FOR It really matters which type of bankruptcy you have filed. Chapter 7, Chapter 13, and Chapter 11, all have their own benefits and drawbacks. You have to decide what you want in your life post-bankruptcy. REBUILD YOUR CREDIT SCORE Bankruptcy affects your credit score which makes it difficult for you to obtain credit. Try to improve the score and start rebuilding your business from scratch. The situation will improve for sure. GETTING FUNDS Getting funds might seem difficult, but it definitely is not impossible. One viable option is finding a partner with a good credit score. Or you can have an angel investor onboard who can be anyone, your family, friends, etc.. STAYING POSITIVE Reaching bankruptcy is not the end of the world. It doesn't mean you can't restart in your professional career. Stay focused on your future goals. And if you have any doubts, seek help from a bankruptcy law firm. REACH US AT: https://www.naderlawfirm.com/bankruptcy-attorney-los-angeles/