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Do I need to bankrupt my LLC?

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    Do I need to bankrupt my LLC?

    I accidently started this thread out of place. Starting it over...

    I have 95k in Un secured debt. (all personal)
    I walked away from a commercial lease about a year ago but have NO biz.debt.

    The lease was in my LLC's name but had a personal guarantee on it. I would expect landlord to come after me at some point.

    Question-I'm planning to file for ch.7 Personal for all the unsecured personal debt, should I also file ch.7 Business since my LLC was on the lease or should I just dissolve the LLC and do the 7 on personal?

    In other words if I only do the ch.7 personal and then dissolve the LLC, can the landlord still come after the dissolved LLC over the broken lease?

    #2
    Also forgot to ask that if I do personal 7 then dissolve the LLC, can the creditors then go after the dissolved LLC or does it end at the ch.7

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      #3
      What would the landlord or any creditor get? It sounds like the corporation is broke. My attorny advised aginst a BK on a corporation. You can never get a discharge on corporate debt.

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        #4
        File personal bk, dissolve the LLC and move on.
        All information contained in this post is for informational and amusement purposes only.
        Bankruptcy is a process, not an event.......

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