My boyfriend, mother and I owned a business together. The business was established with my mother's money and the business has not re-pay my mother yet. The business is listed in sunbiz as my Boyfriend is the president and owner. We did this for credit purposes (but we all (3) have equal ownership)My boyfriend wants to file a BK to save a home and rearrange his debt. Can the BK affect the business and all of the "silent owners" or does it only affect him personally? Also the business is due to renew on April 30, 14 and we were thinking to have my mother renew instead of him. Would this renewal affect the BK?
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