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Paul K, Esq.
Paul K, Esq., Attorney
Category: Bankruptcy Law
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If a debtor filing for chapter 7 BK owns a business that is

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If a debtor filing for chapter 7 BK owns a business that is S corp and the business has a credit cards issued under the business name do they need to be included in a personal BK?

Paul K, Esq. :

Hello, my name is XXXXX XXXXX I would love to assist you. Give me a moment to research your issue and I will answer promptly.

Paul K, Esq. :

Any of the debts that are in the business name ONLY, and not in yours as well do not need to be listed.

Paul K, Esq. :

If there was a personal guarantee or if they added you as a liable party, then you have to list it in the personal case.

Paul K, Esq. :

Sorry for your situation, I know it can be confusing and stressful.

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