Bankruptcy Law Questions? Ask a Bankruptcy Lawyer.
Was the money that you owe or owed to the holding company secured by the business?
In other words, did your agreement with the holding company state that if you did not pay the money to them, that they could then take back the business?
no doesn't say anything one way or the other just I will pay them back at 2% of sales monthly
Given the information your provided, and assuming you received a discharge (closing does not mean discharge), your debt to this company was discarged in your Bankruptcy.
I misspelled discharge in the last sentence.
even though it listed him and not the company on the discharge
Did the Bankrutpcy trustee take any assets from you when you filed your Bankruptcy?
When a Bankruptcy is filed and there are no assets, all the debtor's debts are discharged - whether or not they were listed in the Bankruptcy.
This means it does not matter that you did not list the company name.
And even if you have not listed the owner's name either - that debt was discharged.
One last ?. My holding company bought the company and owed their holding company - I personalty file - not my company
If your company owed the money, why did you include this debt in your personal Bankruptcy?
What business form is your company - corporation, sole proprietorship, etc.?
Since you listed this debt in your personal Bankruptcy, only your personal liability to pay the debt was discharged.
Your LLC's debt could not be discharged in your personal Bankruptcy.
so my holding company still owes the $$
This means your LLC still owes this debt.
Yes - your holding company still owes the debt.
thanks then I will pay