After being discharged personally from chapter 7 and also my compay filed chapter 7.can I resume doing business as the same corp

Asked about 5 years ago - Gainesville, GA

I want to resume doing business after chapter 7 using th same corp. The company is still active acording to sec. of state

Attorney answers (1)

  1. Glen Edward Ashman


    Contributor Level 20

    Answered . If your company filed Chapter 7, it was liquidated and the name and shell is an asset belonging to the trustee who can sell it to creditors. I am sure your lawyer explained to you that the answer is usually no, unless he negotiated a settlement for you with the trustee to sell you back the stock and name.

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There are different types of debt, but all involve one person (the debtor) owing money to another (the creditor). Terms of repayment are governed by a contract.

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