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the following BL TV program is brought to you by OFlaherty law please enjoy welcome to learn about law my name is Kevin o Flaherty from a flirty law and today were gonna explain when it makes sense to dissolve a corporation so if you are in a distressed corporation you have several options I will go over all these options options and when each option kind of makes the most sense one is negotiation with creditors another is restructuring your companys debt through a chapter 11 business bankruptcy another is liquidating and eliminating your companys debt through a chapter 7 bankruptcy a fourth option is dissolving your corporation voluntarily and a fifth option is just simply walking away from your business so if you have a very small or limited amount of creditors or a small amount of debt negotiation with your creditors is usually the best option its theres the least amount of legal fees your business can continue thats thats plan a if possible working out a payment plan with y