Personal chapter 7 and a business owner

mcordry

Member

Bankruptcy Newbie

Joined: Nov 2012

Posts: 44

State: Georgia
#1

Personal chapter 7 and a business owner

01-25-2014, 03:59 PM

I am consdering declaring personal chapter 7 and I haven't stopped paying my credit cards yet so I am current on everything. My question is do I continue to pay my business debts but stop paying my personal debts considering I am going to try to keep my business.
Tags: None
frogger

Senior Member

Bankruptcy Mentor

Joined: Apr 2009

Posts: 4142

State: Private
#2

01-26-2014, 04:04 AM

Is your business a corporation?

All information contained in this post is for informational and amusement purposes only.
Bankruptcy is a process, not an event.......
Comment
mcordry

Member

Bankruptcy Newbie

Joined: Nov 2012

Posts: 44

State: Georgia
#3

01-26-2014, 07:09 AM

no it is a general partnership
Comment
kilowatt

Registered User

Bankruptcy Newbie

Joined: Mar 2013

Posts: 32

State: Oregon
#4

01-26-2014, 10:13 PM

You need to consult a lawyer. The business will be considered an asset to you.
Comment

top Ad Widget