What if I own a corporation but do not wish to include it in the bankruptcy?
If you file Chapter 7, the stock or interest you own in the corporation will become property of the bankruptcy estate in which the trustee may liquidate and administer. If you file a Chapter 13, you may be required to pay into the Chapter 13 Plan the value of your interest in the corporation. This analysis may differ significantly in the context of a Chapter 11 filing and would have to be considered on a case by case basis. For further clarification about filing for bankruptcy, please feel free to contact us and one of our bankruptcy attorneys in Miami will be happy to help you.
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