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It is when an indivdual (or married couple) file for bankruptcy rather than a business or corporation.
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Related questions
How do you file for personal bankruptcy?
Seek advice from a professional. Your local bankruptcy attorney is there to help you.
Where can you find information about corporate bankruptcy laws?
Does corporate bankruptcy affect personal credit?
In order to file bankruptcy must you have a bankruptcy attorney?
If you are filing for personal bankruptcy it is not necessary to have a lawyer. If you are filing for business bankruptcy, you must retain a lawyer on your behalf.
Did suze orman file personal bankruptcy?
no
Does business bankruptcy affect personal credit?
If your business is tied to your personal credit, then yes, you run the risk of being personally affected by the business's bankruptcy.
Can assets be protected from a personal injury judgment by filing bankruptcy?
Yes. Consult a knowledgeable bankruptcy attorney.
Is the debt from a personal lawsuit removed when you file for bankruptcy?
no
Can you file personal bankruptcy and get a law license?
Yes
Which of following is a risk taken by entrepreneurs?
Personal Bankruptcy
Which of the following is a risk taken by entrepreneurs?
Personal Bankruptcy
How does a personal bankruptcy of one of the officers affect a corporation?
Not at all.
If you have a personal bank loan can you still file for bankruptcy?
Of course.
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