QUESTION
I had a dba that I would like to bankrupt. Would that get the one creditor off my back.
Asked on May 01st, 2017 on Bankruptcy - New York
More details to this question:
I had a small store in a mall. The mall is going downhill and I couldn't pay the rent. So we decided to close up shop because we were not making the rent anymore. Now the leasing company is after me for the unpaid rent. I have already turned in the DBA. I'm hoping filing for business bankruptcy will clear this matter up.
1 ANSWER
1 Award
It depends if you have personally liability for the rent. Your question implies you have no corporation, but the store was a proprietorship. Then you would need a full personal bankruptcy for yourself to eliminate this debt. There is very often little reason to file a bankruptcy for a business that is defunct if it is a corporation.
Answered on May 07th, 2017 at 5:43 AM