Will I lose my house if my company files for bankruptcy?

Clients often confuse the separation between (i) a company (such as an LLC), and (ii) the owner of the company.  I tell my clients to think of the company as a living and breathing creature that exists under the Florida statutes.  It has certain rights, such as the right to enter into contracts and incur debt. If that “creature” incurs debt or obligations, the owner is not liable.  Only the corporate entity is liable.  However, the owner may be liable if he/she signed a personal guaranty.  Thus, the answer to this question is NO, you will not lose your house if your company files for bankruptcy if the only obligor on the company’s debt is the company itself.