Legal Question in Civil Rights Law in Maryland

Limited Liability Corporations and Bankruptcy

I have an LLC for my gym business; it isn't going well and I'm wondering what will happen to my personal credit if I have to take a bankruptcy in the LLC.


Asked on 7/02/04, 9:00 am

1 Answer from Attorneys
Regina Mullen Legal Data Services, PLC

Re: Limited Liability Corporations and Bankruptcy

The company is a legal entity separate from yourself, but a creditor might be able to pursue you personally for the debt, so get the advice of a local attorney with experience in small business bankruptcy.

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Answered on 7/02/04, 11:19 am


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