Personal Bankruptcy and Business debts?

If you have no personal liability, you do not have to list them. However, the overwhelming likelihood is you have personal liability. Check your credit report and if not listed, call the issuer and ask if you should list as a personal obligation on a mortgage obligation… Based upon what you have explained, it seems that the business debts, to the extent that you signed for them personally (either by way of being a comaker on the loan application for the credit card or providing an explicit guarantee of the corporate debt) would need to be included in your personal bankruptcy case. Indeed, it is generally in your best interests to be overinclusive with respect to certain obligations so that it cannot be claimed later on that the creditor was not notified of the bankruptcy case. In other words, if you…