if a corporation files for Bankruptcy..?

Question

iI have a business that is incorporated. If i were to file for bankruptcy under the company. How am I liable on a personal level????? assets etc...personal credit...etc...

Answer 1

In most states a corporation is considered to be a living entity or person. As such, the corporation is subject to the Federal bankrupsy laws.

For the most part, your personal credit is seperate from your corporate credit.

Check your state secretary of state's office for the laws business laws of your state.

Answer 2

Try this website...

http://www.creditmanagementworld.com/bankruptcy/bankruptcy01.html