Legal Question in Bankruptcy in Georgia

if the business you own is filing bankruptcy and you have guanteed some of the loans, do you have to file personal bankruptcy also?


Asked on 5/09/11, 8:07 pm

1 Answer from Attorneys
Glen Ashman Ashman Law Office also dba Glen Ashman Attorney

Your post indicates that you badly need experienced counsel.

Oftimes, if a business is closing, it is unnecessary for the business to file at all. And even if it does, a personal bankruptcy may also be needed.

But where there are personal guarantees, oftimes the individual must file to avoid losing all his assets.

I don't know the details of your situation, and the facts and numbers matter a great deal, but if you do not have a lawyer and have a failing business, see a lawyer ASAP. My office is near you and handles such cases. My number is 404-768-3509.

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Answered on 5/09/11, 9:03 pm


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