Having earned two business degrees, I understand the complexities of recessions. Unfortunately, these downturns in the economy typically occur every few years. When the economy spirals downward, business owners often suffer the most. If their customer base declines too much, entrepreneurs begin drowning in debt. Thankfully, business owners can sometimes save their companies and get the financial help they need by filing for bankruptcy. During bankruptcy proceedings, they often work with their creditors to set up a delayed schedule for repayment of their debts. On this blog, I hope you will discover the ways businesses recover from financial devastation by filing for bankruptcy. Enjoy!