Q: If I own a company (S corp) and we owe $18000 in loans/card debt what happens to the balance when we close the company?
I own an S Corp, we close the office last fall due to lack or work. We have not been able to get it going again and we owe 8k in cards and around 15k on a loan. If we file chapter 7 does the debt the company owed then comes to me, or is it gone with the failed company? As of right now I dont see the cards on my cerdit report I think they are just on the company EIN?
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