No, not exactly, it depends on the nature of your business. For example, if you’re an LLC or sole proprietorship, then it’s going to effect your business. Only because most LLC’s and sole proprietorships are owned by one person: meaning you. If you file bankruptcy while you have those businesses in operation, then it’s possible for the trustee to invade the business in order to help you pay some of those debts that you are trying to get discharged.