Answer: Maybe. But probably only in limited cases where, before borrowing the money, the debtor owned a business, or worked in a business, which required the debtor to incur the debt for business purposes. Debtors whose debts are “primarily consumer debt” must generally file a “means test” in order to establish whether a “presumption of

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Your personal liability for any corporate debts (ie: debts that are co-signed or guaranteed by you as an individual) will be discharged. However, your corporation will still have liability. You can file bankruptcy on behalf of the corporation, file a formal dissolution, or just allow the corporation to be suspended for nonpayment of annual franchise

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