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Old 05-12-2009, 09:20 AM  
Sly
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Join Date: Sep 2004
Location: Austin, TX
Posts: 31,292
Quote:
Originally Posted by ravo View Post
Wow, this is big news!

But, maybe I don't understand the backruptcy process, but how does a personal bankruptcy affect the business? Unless, of course, it wasn't incorporated... (which doesn't sound like a smart thing).
It shouldn't... one of the primary purposes of having a corporation is to create a separate entity, breaking liability between personal and corporate and also corporate and personal. Very odd.

If you run any business at all and make any kind of money, you should have a corporation.
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