I live and practice in California and I am planning to file for business and personal bankruptcy
next month. I have business loan of over 1,000,000 that my wife and I personally
guaranteed for our medical practice.
Once I file and close my business, I'm sure that the bank will come in to either liquidate my
business assets(medical equipments,etc..) to repay them or try to sell my practice
(and patient files) to another doctor.
I plan to move on and start fresh again not far from my
existing location asap and would hope to not lose my patients. How long after I file can i
start again? How long is the bankruptcy process from beginning to end?
Although the assets will belong to the bank, my landlord
is untrustworthy and will attempt
to confiscate the equipment and change the locks. Can I move my equipment to a storage
facility and give it to the bank so that I way I am not responsible should the landlord
take any of the equipment?