If both my parents signed as personal guarantors for my business to take out business credit cards and business lines of credit under a corporation, and my business wasn't able to make enough income to pay the debt, would a chapter 13 bk be the best thing being that my parents own a home that's almost paid off?
or what would be the best solution?
Asked on 8/17/09, 7:35 pm
1 Answer from Attorneys
Bryan C. Becker
Your Lawyer for Life.
Bankruptcy is a complicated process with many moving parts -- proper guidance depends on understanding the full picture. I suggest you speak with a local bankruptcy attorney to receive accurate advice.
Regards,
Bryan
Bryan C. Becker
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Answered on 8/19/09, 8:16 pm
