what if the business is a service business with no assets? like a marketing company that only owns computers. my understanding was if, however, the business is primarily a service business, it will have little value to the trustee, even if it generates significant income to the small business owner. Put another way, if the trustee becomes the owner of the small business,
it will have little value to the creditors, because usually only the person who started the business can provide the service.
anonymous
Posted almost 14 years ago.
what if the business is a service business with no assets? like a marketing company that only owns computers. my understanding was if, however, the business is primarily a service business, it will have little value to the trustee, even if it generates significant income to the small business owner. Put another way, if the trustee becomes the owner of the small business,
it will have little value to the creditors, because usually only the person who started the business can provide the service.
is ch13 still better than ch7?