Legal Question in Bankruptcy in California

Re: Business Owner

If the company were a fictitious business, you should bring that matter to the attention of the trustee handling the case. The business might have some assets that can be liquidated and the proceeds distributed to creditors. If it were a corporation or limited liability company, the personal bankruptcy would not affect that, although the debtor should disclose his/her interest in the company and place a value on that interest which might also be liquidated, depending on exemptions. You might want to ask those questions at the meeting of creditors.