Do stalking horse lenders exist in Chapter 7 LLC filings? I only see them referenced in Chapter 11's?
Alexander's answer
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Answered on April 15, 2020
9 out of 10 ch. 7 business BK's end in absolute and total liquidation of the company.
Stalking horse bidders are used primarily to drive sales...
Selected as the best answer
I filed bankruptcy with Debstoppers in January - Can they still collect from me?
Alexander's answer
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Answered on April 15, 2020
Likely the firm has what is called a bifurcated fee agreement. Meaning, you signed an agreement (usually two, one pre filing and one lost filing)...
Is there a way to protect inheritance under Chapter 13 Bankruptcy in FL?
Alexander's answer
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Answered on April 15, 2020
The answers currently posted are about the most perfect answers you can get. I'd merely add that some jurisdictions will allow you to pro rate the...
In Illinois am I liable for my spouse's credit card debit ?
Alexander's answer
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Answered on April 15, 2020
Generally, if you are not a party to the contract or card agreement, you cannot be sued upon it.
However, if you are a cosigner, you will have...
Archived
What are the ramifications of requesting a voluntary dismissal of a chapter 13 bankruptcy
Alexander's answer
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Answered on April 15, 2020
Chapter 13 is a marathon and you're almost at the end.
Let me ask you this, what financial hardship are you facing? If it is covid19 related,...
How can I protect the home equity?
Alexander's answer
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Answered on April 15, 2020
Unfortunately, there are many many moving parts, and going on AVVO is not going to adequately address all these parts.
There are many things...
Can a landlord tell people that he is garnishing my wages of to other people? Is wage garnishment considered personal info?
Alexander's answer
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Answered on April 15, 2020
Typically, court records (garnishments, judgments, etc.) are public record. However, there are limitations.
Certain types of documents,...
Archived
Can I get our of a stipulation for default judgement I signed in 2013 under duress.
Alexander's answer
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Answered on April 14, 2020
The legal definition of duress isn't what many people think. I mean, you feeling that you had no alternative to signing the judgment is not enough....
If my business files for bankruptcy, can the lease be broken?
Alexander's answer
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Answered on April 14, 2020
Generally speaking, if you signed a personal guarantee and your business goes through bankruptcy, your personal liability will remain.
Generally...
Can a judge in a federal bankruptcy court reissue summons in adversary proceedings if the first summons were not served?
Alexander's answer
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Answered on April 14, 2020
Indeed the judge may reissue a summons in an adversary proceeding. There is no law or precedent that says he cannot do so, also the plaintiff can...
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