Re: Personal Bankruptcy of an S-corp Officer

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Any person or entity that was a "borrower", or co-signed or
guaranteed any loans or credit card obligations remains
liable.

On 2/27/05, ray- going broke fast wrote:
> A business partner and officer of our S-corp has filed
> personal bankruptcy. Included in the disolved debt were
> some amounts of credit card debt from start up cost and
> company purchases. Is the company still liable for
> repayment of these amounts to the personally bankrupt
> company officer. Please help