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If I file banruptcy as an LLC, can they come after me personally? |
My business is in such debt that I can not recover and I fear I may have to file bankruptcy. I am an LLC. Does that prevent me from losing my home? One of my loans is from a friend. If I file will he ever get his money back? I am 15 weeks pregnant and this all really scrares me for the sake of the baby. Does anyone have any insight or a similar situation? aslong as you did not sign any loans as personal they cannot come after u, however, if u did yes they can and will for that particular loan. ur home is protected unless u pledged it personally against a loan, depends on what and how u signed the loan documents, same thing for friend if he signed as llc then he is probably out of luck. once you file bankruptcy, your assets and liabilities will be taken over by an official receiver, - you become bankrupt - beyond this none can do anything. |
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