Gerald McNally Jr’s Answers

Gerald McNally Jr

Glendale Probate Attorney.

Contributor Level 6
  1. What happens to fines and tickets after you die?

    Answered about 5 years ago.

    1. Gerald McNally Jr
    1 lawyer answer

    If you had assets when you died, your estate would be responsible for payment of fines and traffic tickets. If your estate didn't have enough assets, however, only the assets (usually cash) would go to their payment. Without a review of your husband's estate, I can't advise you further.

    1 lawyer agreed with this answer

  2. I have a S-Corp which I am 50% partner, and a LLC which is just me. If the S-Corp goes bankrupt how will it effect my LLC?

    Answered about 5 years ago.

    1. Christopher M. Mcavoy
    2. Gerald McNally Jr
    2 lawyer answers

    If you have a personal guarantee on the bank loan (it's in the agreement you signed, if at all), bankrupting the S-corp will not relieve you of the debt. The LLC is your asset, and many of your assets can be attached by your creditors. However, you'll need to check with a MI lawyer to find out whether or not your LLC interest can be attached. If your LLC has no assets or debts but is just a conduit for your business income, it might be better to file chapter 7 individually and list all the...

  3. What if I can not afford to file a chapter 13 but am not eligble for chapter 7?

    Answered about 5 years ago.

    1. Henry Repay
    2. Gerald McNally Jr
    2 lawyer answers

    Many bankruptcy lawyers will accept their fees through a Chapter 13 plan. But that assumes you have enough income to fund a plan with some credible payment sufficent to give your creditors some payment, while paying your attorney and Chapter 13 Trustee fees. If your income is too low for that, you may be close to judgment proof. You should contact an attorney in your state for more details. Most local bar associations have low-cost interviews with their members available.