Legal advice on Business bankruptcy

Asked in Los Angeles, CA | Nov 3, 2022

Reply to opposition?

Hi, I've a legal malpractice case, other party filed a motion: Reply to opposition to motion for transfer venue since I didn't put in complaint of venue. The motion hearing is 10 days away. Should I reply or oppose it since it says I didn't dispute this and that? How soon should I do it or just argue it in court? Could I hire an inexperienced, just admitted to bar about 11 month attorney to do it? Thanks, A.

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Asked in Martinez, CA | Dec 7, 2021

Restitution? Cival vs criminal?

Hi so I was just served with a lawsuit, I have contacted a bankruptcy attorney who feels that the lawsuit is dismissible. She advised me that if they decide to prosecute criminally I could still be hit with restitution. If I am in a criminal case would that be separate from the civil case? In a criminal case would I be able to have a public defender? If I file bankruptcy do I still follow and show up to court dates that is happening with the lawsuit? Theres so many gray areas I don’t understand. Thank you in advance

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Asked in New York, NY | Nov 30, 2021

Subchapter V triggered personal guaranty on loan?

I filed subchapter V bankruptcy on a business. There were loans that I personally guaranteed that had a clause that the PG was automatically triggered if the LLC files BK. Are they allowed to do that with a subchapter V filing?

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VIDEO LEGAL GUIDE

Written by attorney David Steinfeld | Oct 17, 2020

Written by attorney David Steinfeld

What is involved in a business bankruptcy

In this video Board Certified expert business lawyer David Steinfeld tells you what a business can expect as a creditor in a Chapter 7 liquidation and

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Written by attorney Theodore W. Connolly | Apr 16, 2020

Written by attorney Theodore W. Connolly

Is the Small Business Reorganization Act Right for You?

Are You Eligible as a Small Debtor? You qualify as a small business debtor if you: • Engage in commercial or business activities other than owning

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Written by attorney Isaac Daniel Rothschild | Feb 13, 2020

Written by attorney Isaac Daniel Rothschild

Top Benefits of the New Small Business Reorganization Act

Introduction The new Small Business Reorganization Act is effective as of February 19, 2020. The intent of the new law is to create a streamlined, cos

Asked in Seattle, WA | Jan 13, 2019

What do I do with a rental car when the company no longer exists?

Fleet rent a car in Zagreb, Croatia has gone out of business (bankruptcy). I'm due to return the car at the airport at the end of January, 2019. No one works there any more and the same for there location in the city. The phone lines have been disconnected and their website is no longer operating. If the airport security won't except the car, what would you suggest I do with it as I have a flight back to Canada to catch.

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Asked in Ontario, CA | Jan 3, 2019

If my company files for chapter 11 or 13 bankruptcy today, is it legal to open another company under a different name?

I want to file for personal and business bankruptcy today. Is it considered fraud if I open another company in the same location and perform the same operations but under a different name?

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Asked in Chicago, IL | Jan 2, 2019

I am looking for a good, professional lawyer who has experience in filing business bankruptcy and has exposure into IRS chicago.

I am trying to file a bankruptcy for my small livery business and also need help in getting rid of money that I owe to IRS chicago. So technically it will be both personal and business bankruptcy together.

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Asked in Lake City, MI | Dec 26, 2018

How does a small C Corp business file for bankruptcy? Close down?

This is a small business that has run three Adult Foster Care homes for 47 years. The corporation papers have not ever been updated and two of the three owners have passed away. (I do not know if this makes a difference or not) Long story short, a daughter, and daughter-in-law have been operating the business. The sole person left on the corporate papers, Judy, lives in Florida. The business operates in Michigan. The business has been losing money for a few years and frankly has drained Judy financially as well. It is to the point where they do not know how they are going to pay their staff. Credit cards and lines of credit are maxed out. How does a company like this begin a shut down? Is bankruptcy an option? Please help. Thank you.

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