Bankruptcy Law Questions? Ask a Bankruptcy Lawyer Now.
So why are they continuing to go after the company? I assume that since they sued the corporation and me as guarantor they could still go after the company since the company is not under bk protection even though I am the sole owner.
Thanks for the reply but apartly the stay does not apply to individual businesses since the business is the co-debtor and not an individual. Anyway can you help me by answering my original question:
Instead of spending money to file a chapter 7 bk on behalf of the company, can I just notify all of my creditors and file an "Article of Dissolution" since I am personally under a chapter 13? Would this put a stop to this creditor?
DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.
The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).