topic Re: Personal Bankruptcy? in Self employed

Personal Bankruptcy?

Mbush10 — Tue, 24 Feb 2026 07:03:09 GMT

Hello,

I'm debating on starting the process to file personal bankruptcy. Should I change my DBA to an LLC first to not affect the company? Should I put the DBA/ LLC in my husband's name for now?

Re: Personal Bankruptcy?

Anonymous_ — Wed, 30 Aug 2023 19:35:09 GMT

You really should consult bankruptcy counsel.

See https://www.avvo.com/bankruptcy-debt-lawyer.html

Re: Personal Bankruptcy?

kthomasusa1 — Wed, 30 Aug 2023 19:42:53 GMT

You might want to review the bankruptcy laws regarding the transfer you are contemplating. Frequently, if assets are transferred before filing bankruptcy, the trustee may be able to get the assets back and liquidate them to pay creditors. Probably best to get advice from your bankruptcy attorney.

Good luck to you in this most likely very stressful time.

Kelly C, CPA