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can i claim bankruptcy on my business

can i claim bankruptcy on my business if its not incorporated, and will it effect my personal finance.

Posted from: Ontario

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One Response to “can i claim bankruptcy on my business”

A licensed trustee said...

You cannot file for bankruptcy for your business if it is not incorporated. Incorporation effectively makes a business it’s own legal entity. In your case, because it is not incorporated your business is an extension of you (legally). To bankrupt the business you have to bankrupt yourself…

You should probably use the links on this page to find a trustee in your area and give them a call to learn more about what your options are to sort things out…