Bankruptcy Law Questions? Ask a Bankruptcy Lawyer Now.
You can certainly file bankruptcy for your corporation. However, if you have personally guaranteed your corporation's debts, then a corporate bankruptcy may not help, because the creditors will simply turn to you personally, and you will be forced to file personal bankruptcy.
If you have not personally guaranteed the corporation's debt, then you may be able to avoid the bankruptcy by liquidating all of your assets, paying what debts you can to the creditors, and then just ceasing business through the corporation -- which will then simply lay dormant forever.
For a bankruptcy lawyer referral, see: http://www.abanet.org/legalservices/lris/directory/main.cfm?id=GA and www.martindale.com.
Hope this helps.
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