Find the best financial services for you at: SMARTFINANCESOLUTIONS.NET - Business out of money- how to declare bankruptcy? Should I declare bankruptcy? - I made a huge mistake- Due to being low on business, I took a job at cost. Then the suppliers took 5 months to bill me, and there were several thousand dollars of costs that I forgot to account for. I have already sent the final bill to the client, and due to the fact I didn't make any money off the deal, I didn't do due diligence so the deal ended poorly (very unhappy with us), and now they won't pay the difference since I already told them they had the final bill.
I don't have the several thousand needed to pay the suppliers in my accounts, and don't have enough assets to make things work. All I can do is declare bankruptcy right? How do I do that anyway? I looked it up online and all I can find is big business or individuals. this is a small corporation of only a few people. -
