Can they take my business?

I have a small LLC business that I only run on the internet, (actually it runs it's self now that i'm not actively working it anymore). I just recently lost my 5th job of the year (no jobs in our town) and am contemplating bankruptcy. Can they take the Money that my business has in it's account at the bank, to pay for my debts?

They can take your house, car, TV, cooker, or anything else that can be sold at auction from your home.
Any money in your personal or business accounts.
Your stock, office computer, filing cabinets and even the coffee machine.
Depending on the area you live in there will probably be laws preventing you from being a director in any business for a set time period after you have become bankrupt.

Consult your local Citizens Advisory Bureau.

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