Legal Question in Bankruptcy in Virginia
my husband and I bought a small crane and started our own business 2 years ago, he has been generate enought business with the crane so he had to go back to a regular full time job, now we can't afford to make the crane payments. My husband and I are the only persons on the loan can we declare bankruptcy on the loan and not our personal finances? What options do we have?
Asked on 10/19/09, 11:25 am
1 Answer from Attorneys
Daniel Press
Chung & Press, P.C.
No, bankruptcy requires including all of your assets and all of your debts.
Answered on 10/24/09, 12:11 pm
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