Bankruptcy Law Questions? Ask a Bankruptcy Lawyer Now.
Hello and thank you for the opportunity to assist you. My name is ***** ***** I will do my very best to answer your legal questions.
However, I am not positive what you mean by execution of chapter 7. Are you asking if you can get your chapter 7 case dismissed?
You can try to get the case dismissed by filing a motion to dismiss. The main problem is that the creditors have rights once you for bankruptcy, and I've certainly seen situations where creditors will fight a dismissal. That could happen if they believe that they would be better off if the assets were liquidated and the proceeds used to pay them.
But the bot***** *****ne is that you need to move the court for a dismissal.
Does that answer your question? Please let me know if you need clarification, as I am happy to continue helping you until you are satisfied.
If you have a question about billing, etc., then I'll have to refer you to customer service, as I do not work for the website (I am a practicing attorney).
Please let me know what your questions are, and I'll be happy to answer them. Unfortunately, I an unable to take/make phone calls, but I can continue working with you on this BK issue through this website.
I'm not sure what you mean about the State coming after you. But the next step to prevent a liquidation of your business's assets is to get the dismissal. Once the case is dismissed, then the Chapter 7 Trustee will not have any reason (or authority) to liquidate your business's assets. Everything will go back to how it was before you filed for BK.
I hope that helps. Please let me know if you need further clarification, and please remember to provide a positive rating via the stars (and note that your positive rating is the only way that I'll get credit for helping you, so it is much appreciated!). Thank you. :)
Yes, you are correct. Once the BK is dismissed, your creditors can go after you just as they could have done before the BK was filed.
The only thing you can do is (1) pay what is owed, (2) enter into a payment plan, or (3) file for BK. Obviously (3) is out of the question, so that leaves (1) and (2). If you can't pay it all in a lump sum, then perhaps the two agencies will accept a payment plan. You'll need to contact them to inquire about appyling.