What do I do with money belonging to an entity which filed for bankruptcy quite a while ago and the bankruptcy is closed?
Monica's answer
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Answered on August 15, 2020
I will assume that the corporate entity filed a chapter 7 case. In such a case, there is no discharge order entered. In a chapter 7 case, the...
Do I have to inform trustee and lawyer of a government grant I received for my business when filing chapter 7?
Monica's answer
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Answered on July 29, 2020
I am assuming in my answer that your business is a corporation or LLC which remains in good standing. If you are filing an individual bankruptcy...
I have a civil judgment question?
Monica's answer
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Answered on July 29, 2020
Whether or not a creditor is entitled to recover court costs and attorneys fees are typically controlled by the contract - or in your case the...
Do I need to pay rent on a business once I file for chapter 7?
Monica's answer
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Answered on June 16, 2020
In your question you do not state whether the lease was in your name, individually, or in the businesses name (whether a corporation or LLC). If...
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I have filed chapter 7 bankruptcy and decided to surrender my cars?
Monica's answer
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Answered on June 16, 2020
Once you have made the decision to surrender the vehicles to the lender, it is up to them whether they take the vehicle. If they refuse to take...
Can my Single asset Llc file for chapter 11 to strip a lien in the 3rd position?
Monica's answer
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Answered on June 10, 2020
Your questions raises a number of of issues:
1. Can you strip the 3rd lien off of the building in a Chapter 11? If there is no equity to...
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