Tag Archive: Business Bankruptcy

Should My LLC or Small Corp File Bankruptcy?

Posted on January 9, 2010 by Jill Michaux, Topeka Consumer Bankruptcy Attorney

Should my LCC or small corporation file bankruptcy?  Usually not.  The general rule of thumb is that single owner corporations or limited liability companies should not file bankruptcy. Occasionally, there is a benefit to filing bankruptcy for a small corporation, such as recovering a preference to pay priority trust fund taxes the owner owes personally. The ...

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in Business Bankruptcy, Chapter 13, Filing Bankruptcy.