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I have a friend who has a corporation that can't meet its payments, and he signed a guaranty agreement on most of the corporation's large loans. He doesn't want to ruin his credit by personally filing for bankruptcy, but he and his corporation were sued in state court. Someone told him he should have his corporation file for chapter 11, remove the state court action to bankruptcy, and have the guarantees voided? Or does he have to file chapter 13 and list the corporation as a co-debtor in order to get out of state court? All advice will be appreciated. Thanks in advance.