Quote:
Originally Posted by ravo
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). |
If you have personal debt your creditors can force you to liquidate anything of value to pay your debt, that can include shares in a company.
A corporation protect the owner against bad debt but it doesn't protect the company from the owner
