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does business bankruptcy effect personal credit

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du1902

Junior Member
What is the name of your state? new york

does filing business bankruptcy affect your personal credit at all
 


If the company is incorporated...C Corp, S Corp, LLC...it has a life of its own. You can BK the company without any affect on your personal credit UNLESS you have personally guaranteed some of its debts. In that case, they'll come after you...

On the other hand, if it isn't incorporated...then its all you...
 

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