Bankruptcy Law Questions? Ask a Bankruptcy Lawyer.
Hi - my name is XXXXX XXXXX I'm a Bankruptcy attorney here to assist you.
If you file a Bankruptcy, you would be able to keep only $12,000.
what if the money in my business account which is a corporation?
Are you the sole owner of the corporation?
Thank you for your response. If you are the sole owner of your corporation, that means you own everything the corporation owns, and the Bankruptcy court would be able to take any money (less $12,000) that is in the corporation's bank account.