Sadly, probably yes. Payments within 90 days of a bankruptcy filing can be considered a preferential transfer and clawed back by the trustee. You...

Notary of Power of Attorney for Real Estate Sale in india

You need to consult with the attorney in India that is handling the transaction. In some instances, foreign government's laws require documents...

I am not an attorney licensed in North Carolina, but normally if you did not sign on the note, you should not be liable. However, I suggest that...

Can you continue to fight foreclosure after filing for ch 7 bankruptcy?

I agree totally with Ms. Golant, who is one of the state's more knowledgeable practitioners in this area. If you agree to surrender the property in...

I totally agree with my other colleagues. This is a hypothetical that I have never seen occur in the many foreclosure defense cases I have handled....

What are my options if my business is being forced into bankruptcy through litigation?

I generally agree with the others, but there are numerous other issues you need to address. Are you being sued individually and in the corporate...

Is it legal to short sell to a third party who will then sell the property back to the original owner with new financing?

I have negotiated many short sales and there is always an arms length affidavit and an agreement not to re-occupy the property for some period of...

Should I pick an LLC or an S-Corp? Does a S-Corp require I pay Payroll Taxes & Unemployment Insurance for myself?

There are a variety of issues that you need to consider. There are a few basic entity forms that you can consider. 1. A corporation - this is...

I agree with the previous commentary that the question turns on whether the LLC is member or manager managed. Florida Statutes Chapter 605 is the...

What do I do as I am unable to pay this outstanding debt as I am not working

I concur that a Chapter 7 would probably be your best route. I suggest that you contact your local Legal Adi office or the Bar Association's Lawyer...