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If you file bankruptcy because of personal debts related to your business then sell your business after the bankruptcy can the courts take your proceeds?

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Wiki User
2008-05-11 15:22:57
2008-05-11 15:22:57

== == YES. All of your property is considered in a bankruptcy. Your creditors have every right to get at ALL of your property including your business assets. I would be very surprised if the court didn't order the sale of the business to satisfy the creditors demands.

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