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Ellen
Ellen, Attorney
Category: Bankruptcy Law
Satisfied Customers: 36714
Experience:  Bankruptcy Lawyer. Experienced.
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Colorado, personal bankruptcy What would happen if I sold

Resolved Question:

Colorado, personal bankruptcy: What would happen if I sold a rental property now and took the equity to put back into my business to keep it alive and continue to receive a paycheck, only to find I can't keep up and go bankrupt?
Submitted: 7 years ago.
Category: Bankruptcy Law
Expert:  Ellen replied 7 years ago.

Hello,


Thank you for your question. I am happy to assist you.

If your business failed, you would be able to file a bankruptcy. Typically most debts would be discharged and you would have a fresh financial start.


I hope that the information which I provided was helpful to you.


Best wishes for a successful outcome. If you have additional questions, please do not hesitate to submit them to me directly.


Thank you,
FLAandNYLAWYER


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