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We filed for bankruptcy (chapter 7) and have a small S-Corp. What happens to the debt incurred by the S-Corp?
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Answered on October 22, 2011
Your personal liability for any corporate debts (ie: debts that are co-signed or guaranteed by you as an individual) will be discharged. However,...
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Am I self-employed or unemployed for chapter 7?
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Answered on October 14, 2011
I would like to echo the prior comment. If you are the owner of a corporation, your case could be complicated. There are issues regarding your...
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Urgent. I have medical emergency, I am being sued in civil court & I am supposed to be in court at 10AM today
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Answered on September 29, 2011
Why wait until the last 30 minutes? If you can't make it, you should of course try to inform the court. If possible, you should try to get an...
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Is it in my best interest to file for bankruptcy?
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Answered on September 29, 2011
You didn't mention how much medical debt you may have accrued. Generally, I don't recommend bankruptcy for people with less than $5000 in debt. ...
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Have a car still in my possession that the loan company failed to make a claim on before deadline with Chapter 13.
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Answered on September 14, 2011
Secured creditors are not required to file proofs of claim in Chapter 13 cases. You can file your own proof of claim if you want the Trustee to...
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Bankruptcy chapter 13
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Answered on September 14, 2011
Is the garnishment debt something that you owed before you filed your Chapter 7 case? If so, the creditor may not be allowed to collect on this...
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Motion to Extend Automatic Stay
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Answered on September 06, 2011
Previous answer is incorrect. Use of court form 4001-1M-IS is mandatory.
Can you borrow money after the 341 but before chapter 7 discharge?
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Answered on June 08, 2011
I agree with the other answers, with one qualification. You should not take out a loan secured by your property (such as a home equity line of...
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Just filed amend to my chapter 7 bankruptcy Riverside CA Central District of CA. What all am I supposed to send new crdtr/trstee
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Answered on March 21, 2011
You indicate that you filed the document without a proof of service. The document should be served first, then filed with a proof of service. If...
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My home in Ca. is going on auction April 7th 2011.I have a home in Arizona which I own. My Ca. home I owe Approximately $550,000
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Answered on March 21, 2011
Not enough information to answer. When you say you "own" the property in AZ, does that mean that you do not have a mortgage on it? If so (or if...