Am I personally liable for a business debt?

I am wondering if I am personally liable for a business default on a lease, we were evicted for being behind on rent, and were sued, we have no money to pay so bankruptcy is possible, but I dont want to be personally bankrupt. WI law

This entry was posted on Sunday, August 31st, 2008 at 4:14 am and is filed under Bankruptcy Law. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

One Response to “Am I personally liable for a business debt?”

1. foreverquilting2003 Says:
   August 31st, 2008 at 5:28 pm

   Yes you can. If you were a sole proprietor and not a cooperation or if you personally guaranteed the lease with your finances. (did they run your credit? by asking for your SS#)