Legal Question in Bankruptcy in Illinois

Hi I have a C corp in illinois that has 16k worth of credit card debt. I'm the only one listed on the articles of organization. Am I going to be responsible personally for that credit card debt if I file bankruptcy on the company? Are there any chances due to COVID 19?


Asked on 5/16/20, 5:45 pm

1 Answer from Attorneys
Rajiv Chandhok Ph: +919810050896 https://www.linkedin.com/in/rajiv-chandok-0827b733/

File bankruptcy and after the resolution there may be some reprive from the other persons who were a part of your organisation at the time when the loan was being cropping up. If it was only you, then I dont see any chances, even due to COVID-19

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Answered on 5/19/20, 11:12 pm


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