Will filing corporate bankruptcy effect our personal credit?
CJ asked:
We were sole proprietors when we started our business and got some credit based on that. We later incorporated. Within a year we sold the business and the deal did not go well (he’s not paying). So, we are probably going to have to file corporate bankruptcy due to debt we now can’t pay off. Will this impact our personal credit?
I’m of course going to talk to an attorney, but wondering if anyone here knows.
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