Archived
Can I sue my bankruptcy firm for allowing a judgement be entered without proof, and not responding to my phone calls or emails
Michael's answer
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Answered on November 02, 2014
I am very sorry to hear this. The attorney has a duty to you which appears to be in breach. We're required not only to be competent but also to...
Archived
Chapter 13 payment amount
Michael's answer
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Answered on November 02, 2014
Just because you have 40k in debt does not mean you need to pay all of it back. That depends on liquidation analysis.
I agree that $1,300 seems...
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Archived
Can a debtor file Chapter 11 to delay collection of debt after court issued judgement to pay back the loan,
Michael's answer
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Answered on November 02, 2014
There is usually a large judgment that will kill the company because the creditor executes (tries to collect) on operating capital which forces the...
Archived
Speaking to an attorney that is suing my former employer
Michael's answer
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Answered on November 01, 2014
The way I see it, you either pay for an attorney to represent you with respect to this issue or you seek the advice of a bankruptcy attorney to...
Archived
Chapter 11 could you file a ch 11 if all your business is rental houses with good equity to use for reorganization?
Michael's answer
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Answered on October 31, 2014
Yes, that would be ideal. You would be essentially refinancing these loans -- some against the lender's wishes but there isn't anything more than...
Archived
If my former wife settles a claim in chapter 11 bankruptcy that I am severally and jointly liable for
Michael's answer
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Answered on October 27, 2014
I like this question. A lot of it depends on the settlement agreement itself. Also, there is case law that claims which are not preserved are lost...
Archived
When will your money be safe from being seized, if you are filing chapter 11 bankruptcy in the state of North Carolina?
Michael's answer
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Answered on October 26, 2014
The second you file for bankruptcy, all your money is protected by an order of the court which is automatically granted.
There are too many...
Archived
When in North Carolina can you start saving money, if you are filing chapter 11 bankruptcy ?
Michael's answer
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Answered on October 24, 2014
Hello. Can you please elaborate on your question? In general, individuals in Chapter 11 have the ability to accumulate a stockpile of cash during...
Archived
Can a contract between 2 public companies be canceled through Ch 11 BK? Any remedies if unfair contract causes Supplier BK?
Michael's answer
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Answered on October 15, 2014
Chapter 11 is an extremely complicated process for the unwary. Attorneys new to the area get run over all the time, even seasoned attorneys who...
Archived
Does a Chapt 11 Filing Automatically result in NASDAQ de-listing? What is process, requirements & timing?
Michael's answer
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Answered on October 09, 2014
I don't know the answer to your question about NASDAQ but even when GM filed, their stock became over-the-counter. The reason is simple, most of...
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