NPR one's program, Planet Money, re-issued a podcast showing the benefits of a bankruptcy filing for small businesses. The program, which can be found at http://one.npr.org/?sharedMediaId=555647635:555669543, starts by giving a brief history of business bankruptcy in the United States. It goes on to describe the process of the filing of a business bankruptcy, what a business must do to comply with the court's requirements during bankruptcy, and how one business in particular was able to emerge from its bankruptcy successfully. It recognizes that filing bankruptcy for a small business can be a difficult decision, but can also be well worthwhile in the end to allow a struggling business to thrive once again.
Written content provided by attorney PJ Minnillo