Corporate Bk

by **favian** » Tue Jan 21, 2014 12:13 am

i am the pres. of a corporation. can the corporation file bk without me filing bk. how is this done.

by **Warleigh** » Mon Feb 10, 2014 8:23 am

Welcome to the site.Should you want to consult with an attorney, use the "Find a Lawyer" to the right of the screen.Best wishes.Sharon

by **Symington** » Sun Mar 02, 2014 5:03 am

Corporations can also file chapter 7, which leaves nothing but the shell when it is all over.
If you have personally guaranteed any of the corporations obligations, you will remain liable.

by **Baldwyn** » Mon Mar 31, 2014 2:43 pm

It is named a chapter 11 bankruptcy. Consult local counsel. I'd not try this 1 pro se.Also, if you individually guarenteed some loans for the business (which frequently appears to be the case with small business owners), you might not obtain the aid that you find from the section 11 bankruptcy.Best to put out your details and general condition with a skilled bankruptcy attorney.

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