If I own a corporation and file personal chapter 7, what will the consequences be? Are my corp assets at risk?

Your interest in the corporation (i.e. the shares you hold) would be an asset of your personal bankruptcy case and must be valued and, if possible,...

How to Help Family Member in Bankruptcy

You can assist them financially without any problem. The creditor secured by the vehicle doesn't care where it gets its money from. However, if...

Special attorney was hired by trustee for my estate ib chapter 7 bankruptcy - is he for em or against me?

There must have been a LOT of equity in your vehicle. Apparently the Trustee is seeking to sell the vehicle and has hired the attorney to assist...

Filing Ch. 7 Bankruptcy and getting married...

If you file bankruptcy before you get married, then no. If you file after you get married, then you must list her income for sure, and any assets...

Bankruptcy discharged in 2006

Ownership becomes yours once you pay off the balance owed on the motorcycle. Mark J. Markus, Attorney at Law http://www.bklaw.com/

I can't see how under any circumstances a loan can be considered income. It's definitely not considered so here in the Central District of...

I filed for Chapter 7 then coverted to 13 and now I want to convert back to 7. Is it ok?

You must file a motion to reconvert and it must go out on notice to all creditors, the Chapter 13 Trustee and the US Trustee's Office. As the...

In a chapter 7, what is the latest that I can file a reaffirmation agreement. I am still on the fence and want to know deadline.

Reaffirmation agreements must be filed with the court prior to your discharge being entered. Once the discharge is entered. You cannot reaffirm a...

Im in a 13. And have just had to go on short term dis. And wonder am I able to postpone payment until I return to work im 7weeks

Yes, but you need to file a Motion to Modify or Suspend plan payments. Depending on the present length of your plan and other plan components you...

Personal vs Business Bankruptcy question?

You can just dissolve the LLC. If there are significant assets in the LLC it may be worth doing a Chapter 7 just so that an independent trustee...