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In tn, if a child has filed chapter 7 bankruptcy, and she is

In tn, if a child has filed chapter 7 bankruptcy, and she is an only child of her only child parents, and has power of attourney (and one parent is going into assisted living), she had s credit union not allowing her to utilize her power of attourney, because of a recent chapter 7 with the same credit union. Does the bank have that power, due to cross collaterization, or is the employee misinformed?

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DrakeLAW

Juris Doctorate

622 satisfied customers
When filing for bankruptcy as a business, which is an llc.

When filing for bankruptcy as a business, which is an llc. How does it affect you personally? Credit, assets, etc.

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legalg

Juris Doctorate

13,778 satisfied customers
I have been married for a year. Can I file for bankruptcy to

I have been married for a year. Can I file for bankruptcy to include debt incurred prior to my marriage?

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DrakeLAW

Juris Doctorate

622 satisfied customers
If i file for bankruptcy and have no assets other than my

if i file for bankruptcy and have no assets other than my retirement and my car, will anything be taken from me? and how will it impact my credit? i've been told only a few months and also years.

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DrakeLAW

Juris Doctorate

622 satisfied customers
Its not really a bankruptcy question. Its more on

its not really a bankruptcy question. Its more on garnishments and judgments. Is Mr. Terry still the right lawyer to talk to?JA: What state are you in? And has anything been officially filed?Customer: Arkansas. and yesJA: Have you talked to a lawyer yet?Customer: nobody open on the days im available. I live in rural arkansas and we literally have 2 lawyers. One is half deaf :/JA: Anything else you think the lawyer should know?Customer: Does Mr Terry deal with garnishments & judgements or?

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Terry L.

Partner

Doctoral Degree

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Chapter 11: My business owes a lot of payroll back taxes.

Chapter 11: My business owes a lot of payroll back taxes. Last year I purchased property for the business location in my wife's name (cash -no mortgage). The IRS agent has come calling and wants my wife to transfer it to the business so he can levy/ seize it. I was hoping to set-up a payment plan, but the IRS agent is not cooperating. My tax attorney tells me I really don't have a choice because the agent could force it through the courts. As a strategy, I am thinking of filing a business Chp.11 and close it -this would force a payment plan for the debt and possibly decrease the employer's portion -I realize the employee portion is still owed....All this would be in an effort to save the property -but then there is the trust fund portion on my personal side. Therefore, my question is can they still come after my business property from the personal side -even if I file Chp.11 for the business? I can't afford to file for both/ personal & business.

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Maverick

Doctoral Degree

6,784 satisfied customers
I have another Bankruptcy question that has arisen and am

Hello,I have another Bankruptcy question that has arisen and am looking for help. My office is a govt agency that is a division of the CalEPA. Lets assume our claim is a non-priority claim. A company owed our office $30,000 from many, many years ago and then filed a chapter 11 bankruptcy in 1991. We therefore filed a Proof of Claim for the amount of money the company owed our agency. In 2010, the BK was converted to a chapter 7 case and the docket says "voluntary" and "assets". The docket also says "debtor disposition: discharge is not applicable" and that the BK was later terminated on 12/15/15.1. Hence, what happened to our Proof of Claim, meaning why didn't we get any payments? 2. Also, since this company is still in business today, could we still go after them for the money they owed us through regular collection efforts?

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DrakeLAW

Juris Doctorate

622 satisfied customers
My company has filed for protection under chapter 11. It

My company has filed for protection under chapter 11. It appears that the bankrupcy attorney is violating the rights of the major shareholders by potentially rearranging ownership. What authority does a bankrupcy attorney have to do such a thing?

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Texas Atty

Juris Doctor

35,734 satisfied customers
Bankruptcy atty please. My mother died and I am going to

Bankruptcy atty please. My mother died and I am going to receive a disbursement from a family trust. I am also facing a chapter 11 in the near future. The disbursement is pretty large. If I have the disbursement go into an IRA or 401K and wait 120 days will the retirement account be protected ?

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LawTalk

Attorney at Law

Juris Doctor

32,996 satisfied customers
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