If i file for bankruptcy of my corporation can i form a new corporation and reestablish credit?

Question

If i file for bankruptcy of my corporation can i form a new corporation and reestablish credit?

Answer 1

Corporation is a legal entity but some of the obligations might be tied to you if you are the single controlling shareholder. Also government related debts like Value added or GST in some states cannot be washed away with bankruptcy.

Answer 2

Corporation is a legal entity but some of the obligations might be tighted to you if you are are the single controlling shareholder. Also governement related debts like Value added or GST in some states cannot be washed away with bankruptcy.