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I am thinking to file a chap 11 corporation in order to safe my 16 units building .
It is a single asset.
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Answered on January 24, 2012
If I'm understanding your facts correctly, a corporation which you are the main or sole shareholder owns a 16-unit building. A Chapter 11 can be...
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Filed Chapter 13 Bankruptcy in Arkansas. Now someone wants to buy my house and I will pay balance. Can I do this?
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Answered on January 24, 2012
I agree with the other responses, but will add that the purchase and sales agreement and escrow instructions must contain provisions making the...
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Chapter 7 discharged no assets and tax filing
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Answered on January 24, 2012
I'm not sure I understand what your question has to do with bankruptcy law. If you are capable of accurately preparing your tax returns without a...
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Found out ex husband filed for Chapter 11 3 or 4 years ago.
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Answered on January 22, 2012
Was this settlement awarded prior to the Chapter 11 case being filed? If so, it is NOT dischargeable in a Chapter 11, absent some bizarre...
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Priority of judgement liens
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Answered on January 22, 2012
This will depend in part on how title to the property is held, which you don't indicate. It is tenants-in-common, joint tenants, or community...
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What tax year does my Chapter 7 Bankruptcy fall in?
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Answered on January 22, 2012
The other answers are not entirely correct in all situations. While it is true that debts discharged in a bankruptcy case get excluded from gross...
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How do I remove a lien after receiving a chapter 7 discharge?
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Answered on January 18, 2012
In most states, you must record a certified copy of the Order avoiding the lien with your county recorder's office in order to remove the lien...
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BK?
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Answered on January 18, 2012
522f allows you to avoid judicial liens against the property (assuming you bring an appropriate motion with the court). If the property was...
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Can someone discharge a court order by filing bankruptcy?
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Answered on January 17, 2012
As the other posts point out, you are confusing the term "court order" with debt. A court order merely fixes the amount owed on a debt, or...
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What can you do if the orginal creditor sends your debt to a collection agency after they got the notice that you filed for CH 7
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Answered on January 17, 2012
File a Motion for Damages Due to Violation of the Automatic Stay. Be sure you have their address correct and you have sent them an additional...