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Old 04-08-2008, 04:17 PM
Bond Guy Bond Guy is offline
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Join Date: Oct 2007
Posts: 164
Default Banruptcy filing will it help?

My husband has been a residential contractor in our area for 12 years. He has never had any sort of claim or lein against his jobs. He has let his surety bond cancel, and received notice from the SC Dept of LLR that he needs to get a bond within the next 11 days, or his license is in jeaopardy. His business is not incorporated, and our credit rate is poor. Are we going to have problems getting a bond, and if so, would filing personal bankruptcy help the process? He obviously wants to keep his license if possible.
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