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This Agreement Gives Up the Protection of Your Bankruptcy Discharge for This Debt  Form

This Agreement Gives Up the Protection of Your Bankruptcy Discharge for This Debt Form

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Instructions and help about This Agreement Gives Up The Protection Of Your Bankruptcy Discharge For This Debt

if you've got a lot of business debt will your personal bankruptcy wipe it out hi I'm bankruptcy attorney Dan Scott and I get this question from time to time and I want to answer it for you on this video if you've got business debt and you operated as a sole proprietor then you're obligated on that debt without regard that you may have signed the business name to it if you're so proud of the law treats you in the business as the same so when you file your bankruptcy case you're gonna deal with that debt inside your bankruptcy the same as you do your credit card debts your medical bill medical bills cash advances judgments that may have been obtained against you you're gonna treat all that debt basically the same now it's different if you had an LLC or corporation if you're operating your business through one of those entities then unless you signed a personal guarantee that is an agreement for you individually to p

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