Personal Finance And Credit

Personal Finance And Credit

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Can you go bankrupt on self employed business without effecting personal finances and credit?

Question: Can you go bankrupt on self employed business without effecting personal finances and credit?

(Posted by: DAVE on 2008-12-21 10:45:01)


Answers:

Posted by: shiprepairwoman on 2008-12-21, 11:10:01

Only if you didn 't sign for the debt and that is rare for a business even a LLC.

  

Posted by: kemperk on 2008-12-21, 12:09:07

Only if it is so very very clear that both are totally different and separate; any judge or atty can pierce the LLC/ corp veil.

  

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