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Bankruptcy Law/chp 13
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Question
Is if possible to file a personal chp 13 if I own a small business?
Yes, but you need steady income flow to make the chapter 13 work. You would also want to keep an eye out for the debt limitations of a chapter 13 depending on what type of business you have, and if you have any personal guarantees on the business debt. You should speak to a local bankruptcy attorney to help plan the case to protect your business interests.
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Bankruptcy Law
Answers by Expert:
Terry Leeders
Expertise
Handles Chapter 7 and Chapter 13 bankruptcy cases.
10 years of extensive bankruptcy experience. Filed over 3000 cases
Chicago Bankruptcy Lawyer website
"One On One Personal Service You Deserve"
Experience
I have been practicing bankruptcy law for 10 years. I have helped over 3000 consumer bankruptcy clients in that time.
Organizations
Chicago Bar Association
Illinois Bar Association
Publications
author of Chicago Bankruptcy Blog
Chicago Chapter 13 Bankruptcy Blog
Illinois Bankruptcy Law Blog
Fresh Start Partners
Education/Credentials
University of Illinois
Thomas M. Cooley Law School
Chicago Bankruptcy Lawyer website
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