Bankruptcy Law Questions? Ask a Bankruptcy Lawyer Now.
Alright, i have a business that is not profitable for many month's now and am in a contract with the mcdonalds corp. and a fuel supplier that has a contract ,i have other businesses that i do not want to be effective nor myself by a bankruptcy but i cant continue to pour money into a black hole and it will start to effect my other interest ,it was suggested that i could bankrupt on just this business .
It is just one store and will be closed.
Ok, then you can file a Chapter 7
for the business.
You do not have to file personally unless you personally guaranteed any of the debts
If you did not personally guarantee, then you do not have to file and the business filing wont affect your credit.
If you have more questions, be sure to let me know. Also dont forget to provide a positive rating!!! Thanks and have a great week!
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