Legal Question in Bankruptcy in California

Partner filing personal bankruptcy

I am in partnership with 2 of my sons. One is thinking about filing personal bankruptcy. Will the partnership be responsible for his debts? Can his creditors come after the business?


Asked on 2/09/07, 3:39 pm

1 Answer from Attorneys
DAVID BURKENROAD LAW OFFICES OF DAVID BURKENROAD

Re: Partner filing personal bankruptcy

The partnership will be responsible for your son's partnership debts, but not his personal debts. Partners are liable for any partnership obligations. Your son's creditors can come after the partnership business only to the extent that they are creditors of the partnership.

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Answered on 2/23/07, 3:50 am


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