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If i were to file personal bankruptcy, would i lose my business?

April 26, 2017Bankruptcy Business file lose

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If i were to file personal bankruptcy, would i lose my business?

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Answer IF you are not incorporated or have an LLC, then the business debts are also your debts and would be listed along with the business assets in the bankruptcy. You are able to stay in business and still file bankruptcy. Since you and the company are intertwined, it would be best to meet with a local bankruptcy attorney to help guide you to the correct chapter to have the least impact on the business.