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-   -   Open a second company under bankruptcy (https://www.askmehelpdesk.com/showthread.php?t=83397)

  • Apr 16, 2007, 08:15 PM
    cw1959
    Open a second company under bankruptcy
    I'm a small business owner with IRS problems and now a creditor problem. My recievables equal both the IRS debt and the vender debt. The vender won a judgement against the company and my bank account has be levied $14,000.00. If I file for bankruptcy can I open up another company during the period of bankruptcy?
  • Apr 17, 2007, 05:54 AM
    Fr_Chuck
    Is this a LLC, Corporation or private owner
  • Apr 17, 2007, 07:46 AM
    cw1959
    s-corporation and I guess what I'm asking is it illegal to open another company so that I can support myself while everything clears up with the original company. Don't co-mingle old recievables with new company.

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