Legal Question in Bankruptcy in Florida

Bankruptcy of one partner in an S-Corp

2 people start S-corp., one with husband with income one without extra income. business doing well enough to pay eveything but owners. No paycheck since March, what happens to s-corp if one owner declares bankruptcy


Asked on 8/26/08, 9:41 pm

1 Answer from Attorneys
Diane Downs DMD Law, P.A.

Re: Bankruptcy of one partner in an S-Corp

Nothing if it is a personal bankruptcy.

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Answered on 8/27/08, 9:57 am


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