Comments on: what happens to my c corp if i file personal bankruptcy? The company is successful, but cannot survive withou? http://www.smartbankruptcyguide.com/personal-bankruptcy/what-happens-to-my-c-corp-if-i-file-personal-bankruptcy-the-company-is-successful-but-cannot-survive-withou/ Helping you make smart bankruptcy decisions Fri, 23 Sep 2011 08:10:46 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: bcnu http://www.smartbankruptcyguide.com/personal-bankruptcy/what-happens-to-my-c-corp-if-i-file-personal-bankruptcy-the-company-is-successful-but-cannot-survive-withou/comment-page-1/#comment-2882 bcnu Thu, 26 Nov 2009 21:39:59 +0000 http://www.smartbankruptcyguide.com/personal-bankruptcy/what-happens-to-my-c-corp-if-i-file-personal-bankruptcy-the-company-is-successful-but-cannot-survive-withou#comment-2882 Not clear why a successful company couldn't issue you sufficient dividends to overcome your insolvency, or offer to liquidate your shares in exchange for cash. Just because you're in personal bankruptcy should not have any effect upon a C corp in which you're a shareholder; the two are completely separate legal entities: you and the company you invested in.<br><b>References : </b><br> Not clear why a successful company couldn’t issue you sufficient dividends to overcome your insolvency, or offer to liquidate your shares in exchange for cash.

Just because you’re in personal bankruptcy should not have any effect upon a C corp in which you’re a shareholder; the two are completely separate legal entities: you and the company you invested in.
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]]> By: quizzard123 http://www.smartbankruptcyguide.com/personal-bankruptcy/what-happens-to-my-c-corp-if-i-file-personal-bankruptcy-the-company-is-successful-but-cannot-survive-withou/comment-page-1/#comment-2881 quizzard123 Thu, 26 Nov 2009 21:34:59 +0000 http://www.smartbankruptcyguide.com/personal-bankruptcy/what-happens-to-my-c-corp-if-i-file-personal-bankruptcy-the-company-is-successful-but-cannot-survive-withou#comment-2881 If the company is successful, why do you need to file bankruptcy?<br><b>References : </b><br> If the company is successful, why do you need to file bankruptcy?
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