More details to this question:
Dental practice, S corp, $500k debt would it be advisable to file for 11 or 13? Can I do either? Do I file as an S or do I have to file with individual included. I would like to restructure and stay in business
1 ANSWER
Bankruptcy Attorney serving Burbank, CA
Partner at
Law Office of Mark J. Markus
Reviews not shown
3 Awards
If you file for your corporation, your only option to stay in business is to do a Chapter 11 case. Corporations cannot file Chapter 13. Whether you would file for your corporation or yourself personally depends on who has liability on the debts, and other factors.
You need to have a consultation with an experienced bankruptcy attorney in your area to go over your options.
I am available if you are in the Greater Los Angeles Area.
Answered on Nov 01st, 2017 at 9:49 PM