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i own small company in ny and am being sued. if i

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i own small company in ny and am being sued. if i don't win in court then i will be broke. can i file for bankruptcy to protect my future and my life savings

You should contact a bankruptcy attorney and take steps in order to file bankruptcy. This may help you in stopping the case that has been filed against you. However, you should note that your life savings can be taken in case of bankruptcy filing in order to pay off your creditors.

Sub: #1 posted on Wed, 05/18/2011 - 19:44

Anna Sweeting Anna Sweeting

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How is your company structured? There are ways to structure a company so that the companies assets are completely separate from your personal assets. Contact an attorney ASAP.

Sub: #2 posted on Thu, 05/19/2011 - 08:37


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