Tag: personal guarantee Archive
Filing Bankruptcy Without Involving Your Spouse
Justin Harelik
June 4, 2015
In some instances, it makes sense for individuals to file bankruptcy as a couple. In other situations, it makes more sense to have one spouse filing for bankruptcy. Luckily, bankruptcy law allows spouses to file bankruptcy separately, but it’s impossible to keep a spouse completely “out” of the bankruptcy proceedings. ...
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How Does a Personal Guarantee Affect an LLC Bankruptcy?
Justin Harelik
August 31, 2014
At times individuals need to consider what would be best for them: filing for a personal bankruptcy or filing for a bankruptcy through an LLC. In many cases, small business owners will find their personal finances in ruins due to the extensive investment (of both time and money) creating a ...
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