Legal Question in Bankruptcy in Georgia

corporate chapter 13

If filing chapter 13 on a s corporation do all creditors have to be listed? and do you have to file on personal liabilities because of being a s corporation?


Asked on 5/16/05, 5:54 am

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

Re: corporate chapter 13

Any individual, even if self-employed or operating an UNincorporated business, is eligible for chapter 13 relief as long as the individual�s unsecured debts are less than $250,000 and secured debts are less than $750,000. 11 U.S.C. � 109(e).

A corporation or partnership may NOT be a chapter 13 debtor.

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Answered on 5/16/05, 6:05 am


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