Bankruptcy Law Questions? Ask a Bankruptcy Lawyer.
Over 35 years, I have assisted my clients with debt problems having filed more than 32000 Chapter 7 and Chapter 13 Bankruptcy petitions.
if you are a individual doing business as, as opposed to your business which is a corporation, you can file a Chapter 13 and schedule the sales tax to be repaid through a court approved plan. Likewise, if you are a corporation, you could file a chapter 11 BK but that is much more expensive (the filing fee is over $1000) and more difficult to have approved.
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We are an llc
same thing as a corporation. Your only option is a chapter 11. Likewise, do not do it on your own as it is tricky and you need an attorney's assistance.
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Do I still need to pay the entire debt?
is it possible to close down the llc. and open up a new one? then there is no one responsible for the money?
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