Unable to repay business loans w/ personal guarantee - personal bankruptcy good option?

Sounds like bankruptcy is the best way to go for you. The business bankruptcy will have a separate trustee appointed and your personal filing will...

Can student loan debt be included in a bankruptcy if the debtor is going blind?

If he qualifies for a hardship discharge he can get the loans discharged. A motion will need to be filed for a hardship discharge. Contact an...

NC. I owned a business + guaranteed a loan + used home as collateral. Existing 1 mortgage. Will bankruptcy help?

Unfortunately if you owe $150k on your first and the home is worth $225k and you have a second covering the rest then you are not eligible to strip...

I have been paying off bankruptcy chapter 11 for 2 1/2 years and now the wife and I are filling for divorce, what now happens.

You will likely get much more of a benefit if you and your wife can agree to split the payment and complete the chapter 11. The other option would...

Should I file Bankruptcy?

Generally speaking if debt consolidation is not working oiut for you then the next option would be to explore bankruptcy. Most people wish they...

Selected as the best answer

More information is needed to answer this question. If Toyota obtained relief from stay in the bankruptcy then they can legally repossess the...

Board member have to disclose personal bankruptcy to shareholders of company?

If the shares are not worth anything then nothing will happen to them in the bankruptcy and they will remain the property of the individual...

My exhusband filed for bankruptcy against a car that the loan is in both our names. How does that affect me?

If your divorce decree states he is responsible to maintain payments and he files bankruptcy then he has discharged his obligation to the creditor...

Can bankruptcy be filed and maintain your primary residence?

Yes, depending on how much equity you have in the property. In SC, you are entitled to a $51,450 if single and $102,900 if married homestead...

Personal Injury Settlement For an accident that happened after filing bankruptcy...

If the accident happened aftger the date she filed bankruptcy then it is not considered an asset of the bankruptcy estate and any recovery she may...