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If a chapter 11 BK is filed, no plan submitted, dismissed and closed can a new chapter 11 be filed immediately?
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Answered on December 01, 2013
Yes, it can be filed, but the fact that there was a prior case can be raised in a motion to dismiss or convert and could be a factor to be...
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Is it possible to get a business license for free in the state of Michigan?
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Answered on November 27, 2013
The state of Michigan does not require a license for the operation of a business, but does license certain professions. There may be a local...
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I am a physician in Michigan with an S corporation. A patient wishes to sue me, can they take my home and personal items?
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Answered on November 23, 2013
Certain property is exempt, meaning that a judgment creditor cannot force its sale to satisfy the judgment. Whether your home might be exempt...
Archived
Is a plan for reorganization required in a chapter 11 and if no plan is submitted, can a chapter 11 continue?
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Answered on November 11, 2013
Failure to confirm a plan is grounds for dismissal or conversion, but whether the case is dismissed or converted depends upon the circumstances.
Archived
Chapter 11 - what is the time frame to file an objection to a claim?
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Answered on November 01, 2013
Short answer: No. But deadlines are sometimes imposed.
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If a defendant has filed for Chapter 11 bankruptcy and I filed a proof of claim form, do you still filed a summonsand complaint?
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Answered on October 14, 2013
The automatic stay applies unless there is an exception which is applicable. You will need to consult an attorney. It may be appropriate to seek...
Archived
If some one owns land and the house on the land has a different name on title can title be changed.
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Answered on October 13, 2013
Normally under Michigan law a house, like land, is real property. I would need to understand the circumstances under which the house is titled...
Archived
I have business credit in my business name only, cant afford to pay, if I dissolve my LLC, whats happens with the debt.
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Answered on September 25, 2013
If the facts are as you state, you do not have personal liability for the LLC's debts. There are several techniques for educating the creditors to...
Archived
Can I file a civil lawsuit against someone in bankruptcy?
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Answered on September 23, 2013
An objection to the individual debtor's discharge appears to be the remedy. That complaint would be filed with the bankruptcy court. This...
Archived
Can the owner of a company filing Chapter 11 pay off debts that are to himself?
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Answered on September 09, 2013
It's not necessarily "illegal" . A creditor who was misled, defrauded or prejudiced by the arrangement may have a basis for a remedy such as...
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