If a c class corporation is put into a trust and the Business goes bankrupt, is the trust protected?

It might be depending on who owns the Trust and when the assets were transferred into the Trust. Also, who is the intended beneficiary of the...

I am on a fix income an I have debt of 25000 on credit cards and cannot afford to pay anymore because I do not have enough money

It's difficult to answer without more specific facts. Based solely on the information you provided above, the credit card debt could go to...

My company declared bankruptcy in NY and fired all but 10 employees. What are the rules about paying out unused vacation?

If the company is headquartered in Boston, then MA law should govern. However, a factor is whether the company filed for Ch. 11 or Ch. 7. If they...

Selected as the best answer

I have to agree with all the previous answers. It sounds like there are several issues at play here, and not nearly enough information to give a...

I went to renew my lic. on line rmv records said i owed a late fee of $40.00 from feb of 1992 they said i paid a fine late

If the online website said that you owed a $40 late fine from 1992, it might be worth calling the RMV directly to double-check the accuracy, and...

If this is the first court appearance in the small claims case, then your failure to appear will likely result in a default judgment in favor of...

Chapter 7 or Chapter 13 with second under the water

I am concerned that you are second-guessing the advice of your attorney. He or she knows your case and financial situation the best. Therefore,...

Maximum Bank Account Balance that is safe from Judgment

If you intend to file for bankruptcy, any immediate transfers of money or assets from you or closing of bank accounts in an attempt to keep it from...

Should I file chap7 or try a payment plan. I know its case dependent but please give your best qualified recommendation.

Determining whether you qualify for Chapter 7 or 13 begins by examining your household income. Based strictly on the information you provided, it...

Bankruptcy question on a car loan

In Massachusetts, if you do not list a debt on your bankruptcy schedules then it is not discharged. What do you mean by you didn't include it in...