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Recent Liquidation questions

I purchased a home almost 3 months ago, and unfortunately

Hello,I purchased a home almost 3 months ago, and unfortunately things took a turn for the worse when business slowed dramatically. With loans and credit cards going to fall into delinquency in a few months, im considering chapter 7 if i cannot turn things around.I Currently owe roughly 100k between credit cards and unsecured loans. For my mortgage i owe around 298k and my house is worth ~350k. i understand CA (the state where my home is) has a homestead exemption in chapter 7 that protects up to 75k in equity, but it appears there is a time frame in which you must own the house. Since i have only lived here for a few months, does that mean my equity in the house will be gone and ill be forced to sell if i do a chapter 7? Do i have any other options? Is chapter 13 worth considering?

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CalAttorney2

Attorney

Doctoral Degree

19,430 satisfied customers
I am stuck in the middle of a particularly bad company

I am stuck in the middle of a particularly bad company dissolution between two owners: a mother and daughter. The mother in particular has made doing my job almost impossible. She verbally attacks me, accuses me of lying via email, copying other people who should not be copied, about things I have proof I am not lying about just so she doesn't look bad to the clients. Professionally, I feel like she's ruining me. Personally, I barely sleep with worry that she's going to ruin my career or sue me just to try to pin blame on someone else (she's really unstable). Do I have a case on anything here? The HR company we use is basically in her pocket and absolutely no help to me.

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Marsha411JD

Doctoral Degree

18,798 satisfied customers
I started a nonprofit last year, but didn't do anything with

I started a nonprofit last year, but didn't do anything with it. haven't received any monies or donations or anything like that. how do i go about changing it to a for profit so i can keep the name.JA: Can you tell me where the nonprofit is registered?Customer: michiganJA: Have you talked to a lawyer yet?Customer: no, trying to navigate it on my ownJA: Anything else you think the lawyer should know?Customer: no

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Chris T., JD

Lawyer

Doctoral Degree

7,414 satisfied customers
I have a business dispute between my dad and my uncle. My

I have a business dispute between my dad and my uncle. My dad has his name on all the paper work as a sale proprietor including municipal license and business bank account. But at the very beginning, my uncle sign a notarize contract with the last business owner even though the money to but the business was my dad's money. So, is my dad legally the rightful owner of the business no matter what my uncle did?

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CalAttorney2

Attorney

Doctoral Degree

19,430 satisfied customers
I have a business I opened with a friend, I out all the

I have a business I opened with a friend, I laid out all the finances and warehouse under my name, 6 months later my mother got I'll which took me away from the business. I was happy to take a step back not receive any money until I return. I live around the corner from the office and would help out and invoice at anytime. 5 months later my mother past away. Within that week my partner came to me and said the warehouse is in lockdown because the rent had not been paid behind 16k and all the money that had come in he had spent. I went and spoke to the agent gave them 10k up front for them to open the doors again so that I could try and recover the money I laid out as promised by my partner the doors were reopened. Once the doors were opened 2-3wks later my partner created an argument and then told me he does not want me there and that he would pay back the money I out laid and fix the rent and get it out of my name. A couple of months later I have not received a cent the rent is now back at 18k and the doors locked again.Now he won't answer any of my calls or messages. In this time the agent has not contacted me as they had been going direct to him and making deals that he had not kept up to and now after 10 months it's all my problem again and not to mention I'm still out of pocket for the original outlay. What can I do

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CalAttorney2

Attorney

Doctoral Degree

19,430 satisfied customers
I was asked to pack and store 38 picture prints for a

I was asked to pack and store 38 picture prints for a company in Chicago in 2009. I sent invoices to them but the company went into voluntary liquidation and sold their run off to a company in London. I recently found the name of the London base company and contacted them and asked for payment for the storage to date and to secure a payment mechanism for the future.The reply was luke warm, they do not want to pay for the storage.My question is having held the prints for over 6 years, without payment can I claim ownership ?

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Law Educator, Esq.

Attorney At Law

Doctoral Degree

106,576 satisfied customers
My question is a little! I am a British citizen with a card

My question is a little long! I am a British citizen with a green card living in the States. In 2009, whilst I was still living in the UK an ex girlfriend accused me of having sexual intercourse with her before the age of consent. (This accusation dated back to around 2001) The police thoroughly investigated the accusation and the Crown Prosecution Service decided not to bring charges. A couple of years later she started civil proceedings against the company I ran at the time, a theatre school, through which I met her. The company had liability insurance but the current owner refused to give up details of the insurance company and so the lawsuit went nowhere. I left the country and got married here in the States in 2014. Shortly after I left the country, having liquidated my assets in the UK, the same solicitors threatened proceedings agains me. This has dragged on for the last couple of years, however I heard nothing from them since last August until I received a letter this week stating that the case had been heard in court in the UK, I'd lost (mainly because I hadn't shown up) and I owe initial costs of £50,000 to the solicitors with the balance and damages to be agreed at a later date. This letter was sent unregistered from the UK.So my questions are, should I even respond to this letter? and what if anything can they do to chase the debt here, if indeed it is legitimate.

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Legalease

Attorney At Law

Doctor of Law w/ highest honors

14,904 satisfied customers
With the new Supreme Court ruling that damages for suing had

With the new Supreme Court ruling that damages for suing had to be actual not just violations of law for for damages to be compensated. how does that impact collection companies and tellemarketing companies with repeated inappropriate comments calls and violations of the fair credit report act?

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Dwayne B.

Juris Doctor

35,284 satisfied customers
I am seeking info for a worst case scenario. Hopefully it

Hello, I am seeking info for a worst case scenario. Hopefully it won't come to this, but...I own a LLC business that is currently struggling. I am considering shutting down the business or claiming business bankruptcy and possibly personal bankruptcy. Not sure what the best course of action would be if it came to this. I have a couple business loans with personal guarantees. Not much in the way of business assets. I rent the building the business is in. Personally, I own (mortgage) a home and have 2 vehicles (loans) and not much as far as personal assets other than some furniture and electronics.

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CalAttorney2

Attorney

Doctoral Degree

19,430 satisfied customers
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