Bankrupt

I had a research on how to process when your business is down and not anymore earning income. The following photos above are the ways when you are going to close your business and file for bankruptcy. It is so sad and disappointing when your business is down. I researched on this because our neighbor who has a bakery, plans to close their business because for five months now they are not incurring net income. He has a pension and the money from his pension is paid for his losses every month. He is an American by the way. I tried to help him by having this research. Of course we are still hoping and praying, he can recover those losses he had. But for now, he is thinking to close or temporarily close his business.