business vs personal

I have a business that is going under. Me and my buddy started it over 6 years ago. Its a corporation. My question is, can I just BK the business, or does that fall under my personal as well. If I am just able to BK the business, what determines personal form business. If I pull my credit report does that determine what is all in my name and the rest falls under the corporate umbrella?

Thank you

Corporation = Business BK, LLC/Sole = Personal BK

You probably signed personal guarantees for anything the business owes, so you will probably have to file personal bk.

There is a very good link to an article/website by Moran Law tohelp you answer this question: http://www.moranlaw.net/struggling.htm

You normally would not BK the business, but simply stop operating and allow it to die. As was mentioned, most (read ALL) the debts are fundamentally in your name personally; so you would do a personal BK.