personal bankruptcy and owning a business
February 3rd, 2009 by Questions
Hi, I operate a small business as a corporation that is not making much money. The business has a line of credit labelled `for business use only` which has my name on it as well as a cosigner`s. My question is if I file for personal bankruptcy will this affect my business? Can my business and I be treated separately? Also I have a mortgage that was cosigned by my parents and if I file for personal bankruptcy how will that be affected?
Posted from: Newfoundland and Labrador
Please post a follow up comment below:
(Note: comments are reviewed by moderators and then posted after approval. In addition, due to high volume some of the comments might not be posted.)