Should I get credit for my LLC (2 member LLC) if I am considering filing personal chapter 13?
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That's a very broad question that is impossible for anyone to answer without knowing about your business and why you want to get credit.
If you have to sign a personal guaranty, the banrkuptcy will discharge the guaranty. If there isn't a new guarantor that is acceptable to the creditor, any balance due will probably be accellearated and the account closed.LadyInTheRed is in the black!
Filed Chap 13 April 2010. Discharged May 2015.
$143,000 in debt discharged for $36,500, including attorneys fees. Money well spent!
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