Business and Personal Bankruptcy
December 29th, 2008 by Questions
I have a small business which both my wife and I draw from. She is not an owner. We flow our vehicles through the business as well. Our house (w 3 children) is in my wife`s name. We are experiencing working capital problems with the business and I have amassed a personal debt on the business which is becoming seriously cumbersome. It has now affected my personal credit.
It feels like we`re going to lose EVERYTHING if I don`t change things. What are my options here? Is bankrupting me personally the answer, to help the business and our family survive???
Posted from: Ontario