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I AM ABOUT TO FORM AN LLC CORPORATION WITH A BUSINESS PARTNER. I AM ALSO ABOUT TO FILE FOR PERSONAL BANKRUPTCY. CHAPTER 7. WILL ONE EFFECT THE OTHER? SHOULD I WAIT TO FORM THE LLC? CAN ONE EVEN TOUCH THE OTHER? I AM CLUELESS ABOUT THIS.
THANKS
The problem with starting a business venture prior to filing bk is, the ownership in the business is an asset that a bk trustee may attach.
You really need to see a lawyer when you are mixing business assets and a personal bk.
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