Legal Question in Business Law in Kentucky

I am being sued by a business credit card company who is seeking a judgement against me personally. do i need to file bankruptcy for the small business that i had.......?


Asked on 6/04/10, 10:25 am

1 Answer from Attorneys
Kevin B. Murphy Franchise Foundations, APC

Any attorney will say not enough information is provided. Is the small business a sole proprietorship, an LLC or a corporation? To discharge a business debt, the business normally needs to file bankruptcy. Consult with an attorney in your area for specifics.

Kevin B. Murphy, B.S., M.B.A., J.D. - Mr. Franchise

Franchise Attorney

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Answered on 6/04/10, 5:07 pm


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