Legal Question in Bankruptcy in Florida

I just started a business with 3 other partners I own 20%. It is a building supply company in Florida.

I'm trying to short sale 2 houses that I own that are in forclosure. Among other problems in 08

my salary 200,000. 2009 salary 63,000 Will I be able to file bankruptcy being a owner in a new business?


Asked on 1/07/10, 7:16 am

2 Answers from Attorneys
Alan Wagner Wagner, McLaughlin & Whittemore P.A.

Being an owner in a business does not prevent yuo from filing bankruptcy

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Answered on 1/12/10, 7:38 am
William Gwaltney William W. Gwaltney, Attorneys at Law

To expand on Mr. Wagner's answer, the structure of the business entity may have an impact on your bankruptcy. You should consult with a bankruptcy attorney to discuss your specific case. However, generally speaking, an individual who owns an interest in an incorporated business can file bankruptcy without impact on the business entity, in most cases.

The forum does not provide the proper place for full evaluation of your situation, but a telephone or in person conference could answer more of your questions.

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Answered on 1/12/10, 10:51 am


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