Chapter 13 is one of the most used chapters for filing bankruptcy. Though it is a tricky chapter, many debtors have no option but to use this chapter when their income doesn’t allow them to file bankruptcy under Chapter 7.
Starting a new business isn’t hard—thousands upon thousands of people do it every year. A major reason many new businesses fail is unrealistic expectations about what the business will produce. It is a mature product with a mature market. Lower prices (and lower profits), better quality, some specialized market niche? What? What is your business concept? How will you structure your business? Will you work alone, or hire employees to assist with the work? What equipment do you have to buy (trucks, trailers, gutter machine, other machines, hand tools, handling equipment, office equipment, supplies, gutter coil, other inventory, etc.)? General contractors? Homeowners? How are you going to make them aware of your company and get their business?
Realistically, it will take a while to capture business for your new company. What happens if the housing market slows down? You will need the help of a lawyer to determine the business structure (sole proprietorship, partnership, or corporation) and handle the legal issues of setting up the business. What about Workmen’s Compensation and general business insurance?