My corporation has a lot of debts and no assets. Should I file for Chapter 7 or just dissolve it?

Corporations do get a discharge in Chapter 7. The assets are liquidated to pay the debts. Chapter 7 for small corporations should be the exception....

Will I be liable for a debt that was discharged in a BK Chap 7, 2 years ago?

The boat debt is a secured debt because of the lien on the title to the boat. That is a mortgage on the boat in effect. Therefore, the debt is...

Gave up home in chapter 7 bk in california. Sale date coming. what are chances that i end up having to pay property tax and insu

Property taxes are not a personal liability of the property owner so those are owed really by the house (lawyers that know Latin call this "in rem"...

Will we be able to keep our car if we file for bankrupcty

While attorney Bunce is correct as usual, the reaffirmation might not be required and it might not be approved even if you sign one depending on...

If you negotiate the check it might be considered that you accepted it as payment in full. This is not so legally clear because there are many...

What bankruptcy chapter best for Mom. mother & son are joint tenants for their residence.

Your mom can file Chapter 7 given her very low income that that should be a simple case. She can protect her property up to a certain level...

Before my corp. filed BK there was a lawsuit against it and various third party one of which was me. Can I remove the lawsuits?

The lawsuit against the corporation will die with the corporation at the end of the bankruptcy case if it is a Chapter 7 case. No discharge is...

If I take my corporation bankruptc in a Chapter 7 do i have to take the pre-bankruptcy filing course?

There must be a very good reason for a small corporation to file a Chapter 7 case because the owners who are usually the officers of the...

If filing for Ch 7 in 45-50 days, is it worth answering a creditor summons that is due now?

The main problem with not answering is that if a judgment by default is obtained it will show in your credit report and will delay the rebuilding...

Filed chapter 7 with atty. Listed money in my bank acct and exempted it. Now Wells Fargo has frozen my acct. WTF?

A very recent case, I think from the Bankruptcy Appellate Panel (BAP), just decided said banks cannot freeze money in bank accounts because it...