Can I still apply for a loan after declaring bankcruptcy?

I started a business in my mid 20s. I have been investing all my time and effort since then. It has been my family's main source of income and we greatly rely on it. As years have passed I am always confident of our income not until the our family has faced a serious challenge in our life as my wife have gotten sick. I started to lose focus on my business and started having a pile of debts.

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    Starting a business is a great idea but has a lot of risks. When your business has reached its limit, it will go to bankruptcy. It will surely go to liquidation to compensate the debts that has been occured to the creditors. Now, you can still open a business even though you have debts. It depends on the business you are planning.

    2020.03.24 15:44

    Please leave your knowledge and opinion!

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