Legal Question in Bankruptcy in Missouri

I live in Missouri and am married. I have a small business set up as an LLC. I am the sole member. I have a few loans and credit cards that are in the business name and I am the personal guarantor. I have a lease in the same manner. I am trying to find out if I can file bankruptcy seperately from my wife. She is not on any of the paperwork, loans or credit cards or on the lease.


Asked on 9/07/10, 2:15 pm

1 Answer from Attorneys
Alicia Beeler Villines Alicia Beeler Villines (sole practitioner)

Yes. Chapter 7 and Chapter 13 are the chapters for "consumer" bankruptcies. Sometimes it's a little difficult to tell if a debt is a consumer debt or a business debt when there is a small business and the proprietor has personally guaranteed the debt.

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Answered on 9/14/10, 8:59 am


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