I am a sole proprietorship of a small repair shop and a little car lot and have been plegged with 2 back to back divorces and 2 deathes in the family and now the economy goes. I am in way over my head in credit card dept. I visted a lawyer and he wants my last 2 years of taxes that are late... I am waiting for my accountant to get done with my taxes so I can file chapter 7. Can I keep selling and doing business until I file.
I was wondering if I am in any trouble for selling my assets before filling . and yes I have sold to some family members but I have gotten fair value for those products. I also would like to start over in the same location.. any advise in this area would be great
