New York  |  Bankruptcy

Legal Question

Asked on: 10/15/09, 10:13 pm

I would like to file for Chapter 13 bankruptcy, but don't think we would qualify because my husband is self-employed. He is actually the sole owner of an LLC. It is a service company so there are no real assets except for a couple of computers, and the small paychecks that my husband brings home.

We would like to file for Chapter 7 bankruptcy, but need to stay in business to make money. Will my husband lose the business. We don't want to include any of the business debt in the bankruptcy, we just need help with our personal debt. He has established a name he is doing business under and we don't want that to be affected.

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