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I have no loans or credit so I should be good. The business has a separate bank account and I try not to mingle funds between my private account. All business expenses and income go through the business account. The business has no insurance. I keep records of all sales and purchases. Home...

Thanks everyone both of your assumptions are correct (in reality there is no bankruptcy case. It's just a made up scenario to find out how things work) personal guarantee? I don't think there is one. I operate a rebuild/restoration of cars/car parts out of my house and sell stuff on ebay/amazon

Thanks army for your reply Let me expand this a little: In case a "corporate veil" is pierced can I file for bankruptcy myself (as a person) and have my home protected by the homestead exemption?

Let's say that I run a home-based business (LLC) and I get a judgement on my business and the business goes bankrupt. Can they go after my home which is in my name and is protected by a homestead exemption (The value of the house is below the exemption amount) Thanks.