My husband and I own a company together. If the company gets sued can they go after our personal belongings like our home

Your personal liabilty depends upon what you mean by "company". A corporation or LLC is treated as a separate entity for purposes of liabilty and...

Florida on a Bankruptsy Chapter 11 once a plan is accepted can you return/turn in any property that is not working financially

I agree with the attorney from Atlanta. It depends upon the terms of the plan and factors such as whether the creditor made an election under...

I'm selling house on landcontract. the buyer is filling chapter 7 bankruptcy. Will the buyerbe able to keep property and not pay

If the property is in Michigan, the land contract is treated as an executory contract. You are going to want to consider having the debtor assume...

Must a creditor first obtain a relief from stay in order to foreclose on a property included in confirmed Chapter 11 bankruptcy?

The first answer is correct. Those which say the stay applies are probably incorrect on that point. Confirmation generally revests property in...

You need to consider an appeal of the assessment against you. Liability for corporate taxes is imposed under Michigan law on officers. It sounds...

Is my Chapter 7 trustee intitled to a settlement from a trip and fall accident after a discharge from the bankruptcy last Aug.?

Also, you should determine whether you may be able to claim an exemption in the proceeds of the settlement. Did you take the federal exemptions? ...

Can Department of Treasury legally garnish my wages for a 13 year old debt even after I filed a no-asset chapter 7?

I know of no reason why the debt would not have been discharged. You should consult with a bankruptcy attorney, perhaps the attorney who...

Selected as the best answer

I agree with the previous response but I explain the answer a little differently. If you were discharged in the chapter 7 case and did not...

Follow up to question 3 months ago with regard to jointly owned property, about to be lost to back taxes... have another idea.

Possibly. It depends upon the stage of the tax-lien enforcement procedure and whether you are eligible for relief under chapter 13. If you are...

I have credit card debt from online gambling. I also suffer from a mood disorder that includes compulsion and risk taking.

I would place my money on the answers given by the other attorneys. But if you are a true gambler, don't pay and let the creditors sue. Then...