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Consumer Bankruptcy : Chapter 7, Chapter 13, Protection From Claims of Creditors
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Old 06-06-2000, 09:57 PM
Ashearimpulse
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I have had a business for 1 year, It was a bad investment that I still owe $8,000.00 on. The problem is that the lease is way too expensive for the type of business (it does not generate enough funds to cover) I am closing the business at the end of the month and if I cannot find a buyer the only way out of the lease is through bankruptcy. Can I file just on my business (sole prop.) or do I have to file on my family. Also I purchased another business that I am taking over July 1. Will this affect the bankruptcy? What is your advise. I do not have any money.
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Old 06-06-2000, 10:00 PM
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As a sole proprietor you are the business. I'd suggest that you get some professional legal help to see if you can work out an informal arrangement with the creditors if that is possible.

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