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How does incorporation affect bankruptcy?
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June 1st, 2013
Not even really sure if that’s the right question.
I’m wondering if, should I start my own business, I could walk away from a fiscal disaster?
Say I own NulloCorp LLC, which in turn owns $5,000 in cash and equipment and owes $10,000 in small business loans. And has no chance on Earth of ever being able to pay them. Could I walk away let the bank eat NulloCorp without it ruining my financial life?
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