SMARTFINANCESOLUTIONS.NET - If ur going to file for bankruptcy can u lose ur business that u already have?
- 10 years ago
Find the best financial services for you at: SMARTFINANCESOLUTIONS.NET - If ur going to file for bankruptcy can u lose ur business that u already have? - Yes.
If it's a sole proprietorship or an S corporation then there is no separation between your finances and that of the business and if it is a true corporation then your ownership in the business is part of your assets which is to be liquidated upon bankruptcy. You'll be expected to sell your business. -
If it's a sole proprietorship or an S corporation then there is no separation between your finances and that of the business and if it is a true corporation then your ownership in the business is part of your assets which is to be liquidated upon bankruptcy. You'll be expected to sell your business. -