Question:

Bankcrupcy affects family member?

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if a business person files a bankcrupcy, would it affect his family in anyway? such as his wife or daughter would be responsible for paying off debt etc.?

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2 ANSWERS


  1. If a Chapter 11 filing (usually only for businesses) then only officers are liable.


  2. If your wife and daugter were partners in the corp, then the answer would be yes.

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