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Do I have to attend credit counseling class for business bankruptcy chapter 7?

San Gabriel, CA |

Dear experts,

I am going to file chapter 7 bankruptcy for my corporation in CA, not an individual bankruptcy. I am the sole owner. My questions are:

Do I have to attend such credit counseling class for business bankruptcy chapter 7, like individual chapter 7?

Attorney Answers 5

Posted

Do you have an attorney? You are required to have an attorney for a Corporate filing.

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Posted

I am wondering why you are filing BK on behalf of the corporation? Most of the time it is unnecessary and the more important question is did you co-sign any of the corporation debts? If so, you will be personally liable for the debts. Corporations do not need financial credit counseling. Call any other AVVO BK lawyer offering a free consultation if you have further questions.

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Posted

No, you do not need the credit counseling certificate for a corporation.

My response is general information not intended as legal advice or to create an attorney-client relationship. Seek advice from a qualified attorney to see how the law fits your specific facts. I am licensed to practice law in Washington and Oregon.

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Posted

I completely agree with Mr. Steingraber. Corporations cannot receive a discharge in Chapter 7 bankruptcy and it rarely makes sense to file a Chapter 7 for a corporation. Also, a corporation does not need to complete any type of credit counseling.

Talk to a local bankruptcy attorney about your options. Corporations cannot file bankruptcy without an attorney and it probably isn't necessary.

First, the firm is a debt relief agency according to the U.S. Bankruptcy Code. We help people file for bankruptcy. We also do other stuff and we do it well, but Congress wants me to post this notice. Second, nothing on this site is legal advice. You are not my client unless you enter into a written agreement signed by you and me.

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Posted

No reason to file unless you have assets. Corporations do not receive a Discharge!

Jonathan Leventhal, Esq..
Leventhal Law Group, P.C.
818-347-5800

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