Personal BK and S Corp
We are filing personally, but own an S Corp. Are all finances of the S Corp completely separate from our personal filing? I ask because one form has asked us to list business inventory and I need to know if this means inventory from the Corp. Thanks, slreiff
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Hi,
Do you plan on filing yourself or will you be hiring an attorney? Most people incorporate the assets of the S Corp into thier BK petition. What you do really depends on your personal situation and your states law.
-ToddThe information provided is not, and should not be considered legal advice. All information provided is only informational and should be verified by a law practioner whenever possible. When confronted with legal issues contact an experienced attorney in your state who specializes in the area of law most directly called into question by your particular situation. -
We are planning on filing ourserselves, not using an attorney, and not including the S Corp assets. We're in florida and I'm not sure what the laws are here.Comment
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I also filed but included my S Corp. I am in Florida. You need to get the advice of an Attorney. It will be tricky without one. I can almost guarrantee that you will have at least one deposition with the Trustee's Attorney. You are already going in unsure of what the Law is. Be very careful, they can be viscious."You once asked me for advice. You want some now? Never pass up a good thing." Lieutenant Jean Rasczak, Starship Troopers
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