1) "Investors have been contacted. [...] they’re all professional investors, I still can’t help but feel a personal responsibility to them." 2) "Our debt is sti

1) "Investors have been contacted. [...] they’re all professional investors, I still can’t help but feel a personal responsibility to them." 2) "Our debt is still a concern. We’ve contacted an attorney to properly handle this, but I’m still unsure of how this will all turn out. We don’t believe that we signed for anything personally, but who knows. All previous employees have been paid, it’s just creditors that concerns me." On both counts[0], I would say don't worry about it. There's significant asymmetry in the debt-vs-debtor relationship [1] and you should feel about as much personal responsibility to them as they have to you -- ie, none. For both equity holders and debt holders, they are compensated for the risk they take. They will prey on your feelings of personal responsibility to try to get you to repay them, but if you've filed for bankruptcy and tied things up neatly (I'm not a lawyer), then you should walk away cleanly. Note that I'm not saying "screw your equity and debt holders", I'm just saying that once the entity(ies) in which equity and debt was held has folded, you need to walk away. [0] Excluding if you signed personally for debts [1] See: housing crash