Legal Question in Bankruptcy in Florida

personal or business bankruptcy

I own a business that is a sole proprietorship, if I file bankruptcy that includes debts from the business and my personal debts can I file one bankruptcy (personal) or do I have to file a seperate one for the business debts?


Asked on 12/28/01, 9:35 am

3 Answers from Attorneys
Anthony Comparetto Comparetto Law Firm

Re: personal or business bankruptcy

If you are a sole proprieter you can file one bankruptcy petition

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Answered on 12/28/01, 1:01 pm
Joel Cohen Joel M. Cohen,P.A.

Re: personal or business bankruptcy

An unincorporated business that you own is indistinguishable from you, personally. Your Chapter 7 filing should include the necessary schedules to reflect that you are a "debtor doing business"

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Answered on 12/28/01, 8:31 pm
Alexander M. Rosenfeld Rosenfeld & Stein, P.A.

Re: personal or business bankruptcy

You and the business are the same. You file but one petition.

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Answered on 1/10/02, 4:51 pm


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