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Bridget and Lauren invested all their savings in a small coffeehouse they opened near a large university. They operated the business as a general partnership. After 11 months, the business went broke and the women were left with outstanding bills close to $50,000, which was more than their initial investment in the company. Bridget and Lauren can

Answer :

Bridget and Lauren can lose their personal assets as the result of their company's financial problems.

What is Asset?

This is defined as an  item of property owned by a person or company which has value and available to meet debts and other obligations.

We were told that the business went broke and they had debts which could result in them losing their personal assets to clear it.

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