Can one partner in a business file bankruptcy with out the other partner?


Rate This Answer

Bankruptcy Yes, however, a partnership can get complex if that partner decides to file for bankruptcy before you do due to your business being in deep debt. Because legal repercussions are imminent in this scenario as well as danger of you losing your share of the business, it's best to consult with a legal advisor. Thanks for using ChaCha!

Answered -

Comments

Advertisement