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cfortunato
cfortunato, Attorney
Category: Bankruptcy Law
Satisfied Customers: 8023
Experience:  Bankruptcy professor.
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how to proceed for an business bankruptcy - it is an llc and

This answer was rated:

how to proceed for an business bankruptcy - it is an llc and closed for operations

cfortunato :

Hi JACustomer,

Customer:

hi

cfortunato :

Is the LLC permanently closed?

Customer:

yes

Customer:

like 3 years ago

cfortunato :

Although in most cases, there is nothing to be gained by filing a business Bankruptcy for a business that is already closed - especially if there are no assets involved - a Chapter 7 Bankruptcy for a business is filed in the same manner as a Chapter 7 Bankruptcy for an individual.

Customer:

Does it effect personal credit score in any way?

Filing a business Bankruptcy (unless the business is a sole proprietorship) does not affect one's personal credit rating, and will not show up on one's personal credit report.
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