Legal Question in Bankruptcy in California

Small business (one leftover bill) filed with Personal Bankruptcy?

We are considering filing bankruptcy, we had a small business that has not been in operation for over 4 years. We have one credit card bill that still exists that has the business name along with our name on it. Can we include that debt in our bankruptcy or would it be considered seperate? Would it depend on the total $, I beleive the balance stands at around $1800. All assets to the business have already been liquidated. Thank you for your help.


Asked on 12/18/02, 12:45 pm

1 Answer from Attorneys
Mark Markus Law Office of Mark J. Markus

Re: Small business (one leftover bill) filed with Personal Bankruptcy?

It depends whether the business was a corporation or a dba. If it was a dba, you MUST include it. If it was a corporation or partnership you only have to include it if you are personally liable on the debt.

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Answered on 12/18/02, 12:54 pm


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