s-corp and personal debt

[fender45]

Hello all,

I own an s-corp business in Georgia that has been funded through personal credit. The lawyers I have talked with have conflicting views on how to handle this bk. I am hoping to file personally and incorporate the business debt into the personal chapter 7.

Anyone have any experience with this? Thanks for any insight or comments.

[kw1025]

Yes, i have an s-corp and rental properties. Everything has been guarenteed by me personally, even though the credit card says my company name. According to my attorney, i have an absolute right to file chap 7, becuase most of my debt is NON CONSUMER, meaning that is was for business purposes, not personal consumption.

[keepmine]

What sort of conflicting advice are you getting?