In the eyes of the law, you, individually, are a separate entity from your corporation. However, the bankruptcy may impact your ownership interest in the corporation. You should consult a local bankruptcy attorney to determine if bankruptcy is an appropriate path to pursue.
This is not intended to be legal advice, and is general in its nature. No attorney-client relationship exists or is formed by this information. Furthermore, this does not represent the views or opinions of LexisNexis or its affiliated companies.
Answered on Oct 05th, 2012 at 4:01 PM