Is there personal shareholder liability on a debt if a suspended corp files for chap 7 BK?

The liability of a shareholder does not depend on whether the corporation files bankruptcy or not. It depends on whether the corporation has...

Can I form a corporation, put real estate into it and declare bankruptcy for the corporation with just the real estate inside?

I assume the corporation or LLC will be filing the Chapter 11. This will be considered a single asset real estate and while you may get an...

Can you be sued twice for the same credit card account...and a second judgement be charged against you?

No - the first judgment is res judicata, but you do need to file an Answer and respond to the complaint and indicate that you have already been...

You need to check with the bankruptcy trustee. If you exempted the car and the bankruptcy trustee doesn't have a claim (or has abandoned its claim)...

Undeliverable notice - Bankruptcy Noticing Center

The court is advising you that the address you provided on the bankruptcy was one that the bankruptcy notices could not be delivered to. You...

Do debtors have rights, if so what are they?

Yes - Debtors have rights. The have the right to be treated fairly, honestly and with respect. Federal and California law safeguards these...

Court summons from credit card company.

The bankruptcy filing stays all action so you do not need to respond to the summons a thtis time. Recommend you do send a letter to the attorney...

Is cramdown on mortgage possible thru chapter 13 bankruptcy in CA?

This is an area of the law where the Banks have stymied Congress from providing meaningful relief to the foreclosure crisis. One simple change in...

Hello, whom do i pay rent when my landlord is in foreclosure, and decided to declare bankruptcy during the same time?

While the Landlord can demand rent payment, generally the deed of trust the Landlord has provides the Lender with the Right to have the rent...

Am I responsible for real estate taxes on a mortgage that was discharged in a chapter 7 bankruptcy that will be foreclosed on?

Property taxes go with the property. They are even ahead of the lenders, so whoever picks up the property at the foreclosure sale will take it...

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