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COrp and personal BK?

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Anonymous
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COrp and personal BK?

BK sounde as a good option for personal... what about the corp? what are the drawbacks of a CH7 in a business especially regarding receivables?
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Anonymous
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Re: COrp and personal BK?

Depends....are you a auto manufacturerer??

 

Okay...silliness aside..corp 7 bk's get messy.  receivables go to the trustee or an appointed debtor in possession.  every jurisdiction is different.

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