What do i need to know about bankruptcy Will i be in any legal problems if i can't compensate the in investore?

Unless there was fraud involved in convincing the investors to invest, a chapter 7 bankruptcy would eliminate your obligation to repay the investors.

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Attorneys prefer to be retained before you have untrained people prepare your forms. Fixing poorly prepared documents is often more work than...

If I file for bk 13 and reject the executory contract, do I have to play future payments on a commercial lease?

You can reject the lease and move out. This would avoid any future liability for lease payments.

Can the US BK Courts reopen my case to collect unclaimed funds in my name?

Yes the case can be reopened to administer the asset. You should consult an attorney and amend your schedules to exempt as much of the value of...

I've had bad credit and it's been probably 7 years. I was wondering how can I clean my credit since it's stopping me.

You need to speak to a CA attorney about the statute of limitations there. Some places are 4 years, others are 6 years. If you have not made a...

I am thinking about filing for bankruptcy. I filed my 2011 taxes in feb 2012. I owe money. Can these be included in a bankruptcy

There are many "rules" regarding the discharge of taxes. The first is the 3 year rule, meaning it has to have been at least three years after the...

I'm experiencing a "snowball effect" of debt. I can't afford to pay everything anymore - how do I start bankruptcy?

Filing bankruptcy will free up the $209 per month to pay toward your student loans, which will not be discharged. In addition, you should look...

Yes, in most circumstances, the co-tenant is responsible for the full amount due.

Can a Finance Company hold you responsible?

In repo cases after bankruptcy, the lender is sometimes stuck between a rock and a hard place. The repossession laws require certain notices, in...

I had filed bankruptcy in 2011 and was discharged, my house was included in the bankrupcty. I have been trying to short sale.

The usual short sale leaves you with no cash and no debt. The bankruptcy assures that income from forgiveness of debt issues are resolved in your...