We were sole proprietors when we started our business and got some credit based on that. We later incorporated. Within a year we sold the business and the deal did not go well (he's not paying). So, we are probably going to have to file corporate bankruptcy due to debt we now can't pay off. Will this impact our personal credit?
I'm of course going to talk to an attorney, but wondering if anyone here knows.
Talk to an attorney too about the major question as to what you can do to get the money that you owe.
I am not an attorney but the corporation is a separate entity for you and I do not think that it will affect your credit. I am glad that you incorporated. It was a smart move.
Good luck
