California | Bankruptcy
3/07/09, 12:01 am
Legal Question
S Corp Bankruptcy and Debt
I own a 1 year old S Corp, and I am
the only employee, and due to the
economy and expenses, I am dissolving the company and may
have to declare bankruptcy. I owe a
few creditors outstanding invoices
that I can not pay. Will bankrupting
the company protect me personally
from having to pay back the debt or
the creditors coming after me for
payment? Thank you!
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Read More Answered By: Charles Shamash |
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