Posts Tagged ‘business assets’

Saving small business assets through personal bankruptcy?

I have a small business… sole proprietorship…. i’m having to file personal bankruptcy…mostly credit card debt and medical bills. Can I protect my business assets (my computers and some other stuff are exempt under Ch 7, but not office furniture which exceeds the personal exemption) if i convert it to a corporation a few months before filing?


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2 comments - What do you think?  Posted by Guest Author - April 4, 2010 at 2:47 pm

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