Bankruptcy Law Questions? Ask a Bankruptcy Lawyer Now.
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After discharge is the best time to start a new corporation,
legally you can do this during your bankruptcy if you disclose to the trustee that you will be starting a new corporation.
The reason to wait after bankruptcy discharge, is that a trustee in a bankruptcy court is unlikely to approve a request for taking on significant debt --- several thousand dollars or more --- to start a new business. After all, the bankruptcy filing shows you need help managing debt and credit, and the last thing the court wants is for you to pile on more debt while trying to eliminate your current debt obligations
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