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I had a dba that I would like to bankrupt. Would that get the one creditor off my back.

1 Answers. Asked on May 01st, 2017 on Bankruptcy - New York
More details to this question:
I had a small store in a mall. The mall is going downhill and I couldn't pay the rent. So we decided to close up shop because we were not making the rent anymore. Now the leasing company is after me for the unpaid rent. I have already turned in the DBA. I'm hoping filing for business bankruptcy will clear this matter up.
Answers Showing 1 out of 1
Answered on May 07th, 2017 at 5:43 AM

It depends if you have personally liability for the rent.  Your question implies you have no corporation, but the store was a proprietorship.  Then you would need a full personal bankruptcy for yourself to eliminate this debt.  There is very often little reason to file a bankruptcy for a business that is defunct if it is a corporation.

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