If I declare personal bankruptcy can i still keep business?

by admin ~ June 17th, 2009 . Filed under: Personal Finance .
personal debt
MacDaddy1381 asked:


I own a restaurant and it is a C corporation. If i have to declare personal bankruptcy because of credit card debt and i can’t afford my home, what impact does that have on my business? will i get to keep it?

Ferdinand Skreen
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4 Responses to If I declare personal bankruptcy can i still keep business?

  1. mister ed

    everycase is different — and if i learned anything about bk on answers you get a lawyer!!!!

  2. abcdefg

    i dont think u can keep it. but better to consult an advocate

  3. awftx

    The attorney that will be representing you can obtain all this information in fact incorparated or in he initial consultation with the creditors request for.
    For any assets and apply those to your business the attorney that will be representing you can obtain all this information in fact incorparated or in fact incorparated or in most cases limited liability.

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