Yes, you can open a new business. Since you said you have no assets, I am presuming you aren't using any pre-petition assets (like money) to start the business.Ask a similar question
A couple of thoughts. First, yes, you can begin a new business venture post-filing without it being counted as an "asset." What counts is what you had on the date of filing. So long as you were 100% truthful about your assets as of the date of filing, it's totally fine. That said, I'm curious how you'll be a "partner" in a new business when you state you have no assets whatsoever - presumably this "partnership" will require some kind of investment, otherwise it's really not a "partnership."
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What is it that you are bringing to the table as a partner? As long as what you are bringing was disclosed as an asset & is exempt (aside from your charming self & your personal skills, of course), you could have proceeded immediately after filing. Hope this perspective helps!Ask a similar question
You can start a new business any time. The big question is what are you putting into this new business and was this disclosed in your Chapter 7? As long as you disclosed all your assets, you should be fine.
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I am always very cautious. The purpose of filing a bankruptcy is to get a "fresh start" not a "head start." If you are thinking of becoming a partner in a new business, it tells me that you had some kind of a secret deal with your other "wink wink" future partners. If you are caught lying your discharge can be denied, and if the fraud is egregious you may also spend time in a federal prison. I would suggest that you wait until you get your discharge, and then do whatever it is you want to do. It is only 60 to 70 days waiting time, and it is worth the wait.
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