Bankruptcy Law Questions? Ask a Bankruptcy Lawyer Now.
My corporation has no assets. there is no inventory. I use car 90% for work ( I owe on it market value and will reaffirm it in bk), hence the expenditures through the corporation. The only assets are money in the bank minus liability ( check owed for services, bills). It is seldom, that I have more than 1 k in my business checking account on any given day. Would trustee really seize that!!?
Thank you very much for your precise answers. I think for now I am ready to start filling out paperwork. Planing on filing on Oct.1-2. As I go through all documents , I will contact you with further questions. Thank you again!!!!