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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.
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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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If you're struggling to pay off your delinquent debts and getting hounded by collection agencies, then it's time to address your financial problems. And filing for personal bankruptcy may be the ideal solution. Whether you're an individual or married couple considering Chapter 7 or Chapter 13 bankruptcy, or a business considering a Chapter 11 reorganization, or a farmer considering Chapter 12, you need the advice and guidance of an experienced bankruptcy attorney. Your lawyer can help determine which form of bankruptcy is right for you, prepare and file all of the paperwork, and advise you throughout the bankruptcy process.
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