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My Corp. Filed chap 7 but and then we received a big check. Can I use it to pay employees and bills or do I have to turn it over
Mark's answer
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Answered on January 14, 2011
It must be turned over to the Trustee, unless your case has been closed.
Mark J. Markus, Attorney at Law
Handling exclusively bankruptcy law...
Archived
My small business has been in Chapter 11 since 2008. The court want to dismiss the case or convert it. What is better ?
Mark's answer
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Answered on January 13, 2011
I assumed when I posted my earlier response that this was a corporation. If it is not, then that could change what you want to do. However, if it...
Archived
Why would a State Court let a creditor keep filing lawsuits on a discharged debt?
Mark's answer
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Answered on January 13, 2011
Sorry...just to expand on my last answer in light of your last comments: If Snap-On in fact had a validly perfected security interest (lien)...
Archived
Why would a State Court let a creditor keep filing lawsuits on a discharged debt?
Mark's answer
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Answered on January 13, 2011
That is not part of the order, it is merely explanatory language describing what the discharge does and does not affect. In any event, nowhere...
Archived
My small business has been in Chapter 11 since 2008. The court want to dismiss the case or convert it. What is better ?
Mark's answer
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Answered on January 13, 2011
There's no way to answer that question without knowing all the relevant facts of the case and what it is you want to accomplish. You should...
Archived
In reference to the Dischargeability of Debt that was made over 90 days to filing for Bankruptcy
Mark's answer
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Answered on January 13, 2011
It is beyond the scope of this forum to explain to you how to defend a federal action at trial. It sounds like you may have a good defense, but...
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I AM 1099 AND HAVE AROUND 3K IN COMPANY'S STOCK THEY PURCHASE ON MY NAME.
Mark's answer
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Answered on January 13, 2011
Whether or not it is exempt depends on what exemptions you have available under applicable law, and what other assets you need to exempt. You need...
Archived
Why would a State Court let a creditor keep filing lawsuits on a discharged debt?
Mark's answer
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Answered on January 13, 2011
I have never heard of the type of order you are mentioning. The standard discharge notice (or order) does not contain any language about allowing...
Archived
My husband was in a car accident with our Van and was injured 8 days before Chapter 7 Bankrupcty was discharged.
Mark's answer
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Answered on January 13, 2011
a personal injury that occurred after the filing of your bankruptcy case does not belong to the Trustee, so your husband can keep any settlement...
Archived
How often can a person file a chapter 7 bankruptcy in Michigan? I filed a chapter 7 in early 2004 and have been told that I can
Mark's answer
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Answered on January 13, 2011
There is only one correct answer, and it makes no difference what state you're in. You can receive a discharge in a "new" chapter 7 case filed...