Personal Chp 7 and my small side business

[inpain66]

So this year I started a small ebay and online business. It will be a loss when I file my taxes this year. What a bad year to start a business.

My situation:

sales/profit is not going to be more than 3k. My start up fees and inventory cost a lot and used cards and loans to pay for them..much more than the 3 k I made . These are the cards and loans I am looking to have discharged. How will this effect my bankruptcy?

[soleprop]

it won't affect it much if you have other debt as well that adds up to more than the business debts; i'm guessing this side business debt is less than 50% of your total debt so your case will still be considered CH 7 consumer (vs. nonconsumer, as it would be if the nonconsumer related debts were more than 50% of the total).

better to have a bigger picture before we start pinning tails on donkeys though. have more details to share?

[StartingOver08]

How do you own your business - sole prop? S-corp? C-corp?

That will make a difference as to how your BK is affected.