Bankruptcy ch 7, list of creditors: Can a company that is no longer in business still collect a debt?

Debts don't go away simply because the original creditor dies or is dissolved (the corporate version of death) The debt may be sold to a third...

Bnakruptcy CH 7: What if a creditor no longer has an active account number and now uses your ssn# for your account info?

if you have no information regarding the old account number, check your credit report to see if there is an account number or a portion of it. If...

Is there a way to protect potential inheritance from chapter 7 bankruptcy. I need to file. Mom in poor health. I'm on her trust

Unless the inheritance is small enough to fit within an exemption, you, personally, have no control over whether that inheritance would become an...

What are possible outcomes for common stock shareholders when a publicly traded company files Chapter 11?

A chapter 11 is a reorganization of the business, which requires the business to either operate to repay debt or liquidate to repay debt. The...

Should I re-affirm a 2nd mortgage in Chapter 7? HAMP modified the first in 2011, the 2nd lien holder didn't modify & should have

As a general rule, the answer is no, as the reaffirmation would reestablish the 2nd against the house and your personal liability on the loan. I...

Can chapter 13 still be filed if debt limits exceeded?

IF the debt limits of 11 USC 109 are exceeded, then you would not qualify to file a chapter 13. As pointed out above, however, you are still...

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I pass the means test however I have some funds left-over after I deduct monthly income from expenses . Could I still file a 7

I assume you mean you are either under the median income, or after going through your allowed deductions you unsecured creditors would recieve less...

Chapter 7, my brother filed chapter 7; listed me on paperwork and what forms to file to have money paid back to me?

Look at the notice of commencement of case you recieved. If it says there are assets, there should be a claim form attached. File your claim with...

Chapter 7. Finance company suing me on motorcycle loan. Bike was actually lien-sold by a mechanic. Will bankruptcy wipe out?

Assuming the debt does not fall under an exception to discharge (fraud, false financial statements etc see 11 USC 523) the debt should be...

If my LLC invests in a c-corp that filed CH 11 bankruptcy, will my LLC be liable for the per-existing debts of the company?

Are you asking the LLC's risk if the invest NOW in a c-corp that filed a chapter 11? Presumably the c-copr has either obtained the confirmation of...