By filing chapter 7 personal bankruptcy including business credit card debt?

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By filing personal bankruptcy (chapter 7) including business credit card debts with personal guarentees; do I also have to file for business chapter 11 bankruptcy because of these same credit cards or will the pesonal filing take care of them without involving my business?
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Thursday, November 27th, 2008 at 2:51 pm. Posted in Business Credit Card. Tags: , , , , . You can follow this web articles through the RSS 2.0 feed.

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2 Responses to “By filing chapter 7 personal bankruptcy including business credit card debt?”

  1. Ur best bet is to Go seek legal advice. That’s not stuff you want to take someones word at unless they have details and know the law well……. Consults are typically free
    I wish you the best
    Kourtnie D.
    Prosperity Financial

  2. The Chapter 7 bankruptcy is applicable if you have no regular sources of income. It works by reducing or clearing off all your debts. You can then make a fresh start without having to worry about having to pay your debts.

    Once you file for Chapter 7 bankruptcy, the bankruptcy court assigns a trustee who works as an intermediary between you and the debtors. He oversees everything and checks out if the bankruptcy plan is going as planned.

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