Colorado Springs, CO asked in Bankruptcy for Colorado

Q: I owned a consignment store. Do I have to file bankruptcy on each consigner I owe money to? I am in the process.

So, the consigners aren't covered under the LLC?

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3 Lawyer Answers
Timothy Canty
Timothy Canty
Answered
  • Bankruptcy Lawyer
  • Evergreen, CO
  • Licensed in Colorado

A: Any bankruptcy filing must include all your assets and all your creditors. There is no such thing as a selective bankruptcy.

Timothy Denison
Timothy Denison
Answered
  • Bankruptcy Lawyer
  • Louisville, KY

A: Yes. You must list all your debts.

Kevin Scott Neiman
Kevin Scott Neiman
Answered
  • Bankruptcy Lawyer
  • Denver, CO
  • Licensed in Colorado

A: You must include all debts to any debtors. Any debts that are dischargeable will most likely be discharged if your bankruptcy is successful.

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