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    cw1959's Avatar
    cw1959 Posts: 2, Reputation: 1
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    #1

    Apr 16, 2007, 08:15 PM
    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?
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #2

    Apr 17, 2007, 05:54 AM
    Is this a LLC, Corporation or private owner
    cw1959's Avatar
    cw1959 Posts: 2, Reputation: 1
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    #3

    Apr 17, 2007, 07:46 AM
    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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