i am the sole member of a LLC. i have a personally guaranteed SBA Loan for my company (which i cannot pay back). I have just filed for Chapter 7 Personal Bankruptcy and i am about to be successfully discharged (the SBA Loan was part of this discharge). my company is a design firm, and i have essentially zero assets- no cash, car, office, house, equipment, etc (except for a laptop and a printer, and some basic office supplies).

while my company has not been successful, i am on the verge of landing a few decent contracts. my questions are: 1. can i keep the business open? 2. will my creditors try to sue my company, or somehow try to get at my income once i start earning a profit? 3. should i just close the business? i have been getting calls after my Chapter 7 meeting that a collector representing the US Treasury is asking about the SBA Loan.

What do i do now?

regards,
Steve

Bankruptcy is a complicated area. You really need to speak with an attorney that handles this type of case. Have you browsed through the information in LawInfo's Free Legal Resource Center to learn more about your issue yet? See: http://www.lawinfo.com/consumer.html and http://resources.lawinfo.com/en/index.html. Search the "Free Legal Resources" tab, or browse the Consumer Resources. Good luck.