Should I close my small business?

Both are possible solutions. It depends on a lot of factors. Sometimes simply closing the business is the best option. Sometimes a Chapter 7...

Chapter 7 with high income and equity in home, would an LLC protect my home?

As a general rule if you transfer as asset and do not receive equal value in return, the asset can be brought back into the bankruptcy estate for 4...

First, the insurance company indicates you are responsible if claim exceeds your limits. If that happens, you could be responsible for any excess...

The answer is sometimes. It depends on the type of IRS debt (Income, trust fun etc) year of the debt, when the tax return was filed, etc. If some...

It is possible that a trustee in bankruptcy would be allowed to try and sell entire business rather than just the 25% interest in the business to...

If I make monthly payments to my divorce lawyer can I be sued?

It depends on your agreement with the lawyer. Generally a creditor has the right to demand payment of the full amount. However, it would make sense...

I have credit cards debit and I have individual llc company, company has a credit card debit also lenders is can hurt me like

Bankruptcy may be your best option although there are alternatives. Sometimes negotiating a settlement is a better option. It depends on your...

There are a couple ways to address your circumstances. You could try and negotiate a settlement. You may also be able to eliminate the liability...

Credit Card Law suit filed against my wife.

Generally she can defend suit, try and settle, file bankruptcy or ignore. Depending on total financial circumstances, bankruptcy may make the most...

Yes you can keep your vehicle. You will need to continue payments and the rules require that you apply to reaffirm the debt which will allow...