What Happens in a Chapter 7 Bankruptcy if I Own a Business?

There are some small business Chapter 13 Cases, and sometimes those work well, although they take a long time to complete (three to five years).

There are cases in which a small business can be purchased back from the Chapter 7 Trustee; the advantage there is that it's a one-time transaction, and that's pretty fast.

Here I am, discussing the edges of that topic.