Expert Advice When You Need It Most

Filing for chapter 7 bankruptcy and affects to my business

Asked about 3 years ago - Fountain Valley, CA

after being discharged for chapter 7, can I continue to do business under my scorporation that existed before? I filed personal bankruptcy. Also, now that I am discharged, I still receive statements from my banks on amount still owed. Do I close the accounts as is? Thank you

Flag

Save

Share with:

Attorney answers (2)

Kenneth W Miller Jr

Reputation Level 9

Answered about 3 years ago. Bankruptcy Attorney in Salem, NJ.

Flag

You can still do business under the name of your S Corporation. As to old debts, you should send each bank a copy of your discharge, and tell them to close out your accounts. If they persist, you can reopen your bankruptcy and bring them in for sanctions for having violated your discharge.

Mark as good answer

Add comment

Brian T Pedigo

Reputation Level 13

Answered about 3 years ago. Bankruptcy Attorney in Irvine, CA.

Flag

If your statements are coming in as to the S-Corporation, then this is different than if you are personally being invoiced on debts that were discharged in your Chapter 7.

If you continue to be harassed after telling the company about your personal BK, find a consumer law attorney or a bankruptcy lawyer to help you.

Mark as good answer

Add comment