Bankruptcy Law Questions? Ask a Bankruptcy Lawyer Now.
Filing a business Bankrutpcy is unlikely to help you, as businesses cannot have their debt discharged - this can only be done for individuals.
In other words, if you file a business Bankrutpcy, you would still be personally liable for that debt, unless you file a personal Bankruptcy.
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1) What is the current market value of your home? (How much could it be sold for?)
2) What is the balance on the home mortgage?