September 25th, 2007 by Questions
I am a 100% owner of a corporation, which is in dept of a couple thousand dollar, at the same time, I am thinking of declaring a personal bankrupcy. I know somebody, who would buy this corporation of mine. He would not give me money for the company, but cover the owings of the company, and take over the ownwrship of my company.
Question: Would that be ok to sell my company to him before I declare personal bankrupcy or this is a no-no?