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Recent bankruptcy law questions

Does filing a bankruptcy on a sole member LLC affect my

does filing a bankruptcy on a sole member LLC affect my personal credit score as well or just the business and DUNS? If so for the same as personal bankruptcy or in the future can I still say I never filed bankruptcy

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Phillips Esq.

Attorney

Juris Doctor

 
16,564 satisfied customers
Years ago i received an 11,000.00 fine which the idph

years ago i received an 11,000.00 fine which the idph purposely sent to an old address and I never got a day in court. The fine was for my old corporation that has since dissolved. Also I filed bankruptcy on the amount as well. What law says I do not have to pay or am not responsible for paying it now?

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DrakeLAW

Juris Doctorate

 
300 satisfied customers
Bankrupcy lawyerWhat would happen if i signed a Personal

Bankrupcy lawyerWhat would happen if i signed a Personal Guarantee from my company, and later i declare personal bankruptcyCan the creditor come afterMy property based on that PG?

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Maverick

Doctoral Degree

 
5,190 satisfied customers
In a bankruptcy the business collateral would not be

In a bankruptcy the business collateral would not be protected or would it

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legalg

Juris Doctorate

 
12,166 satisfied customers
Can we file personal bankruptcy if our house is in a trust

Can we file personal bankruptcy if our house is in a trust and we are partners in a family partnership

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5,038 satisfied customers
I received a letter from the Department of treasury bureau

I received a letter from the Department of treasury bureau of the fiscal service. They are trying to collect on a debt of $427,697. This appears to be from a personal guarantee on an SBA loan I borrowed in 2001. The business file Chapter 11 bankruptcy in 2006 and submitted a plan of reorganization in 2008. We were in bankruptcy for over two years while fighting a lawsuit against a franchisor that shut us down.This is the first I've heard from the SBA. The stating if I do not pay or respond, they will garnish my wages.There is a list of items that discuss my rights.I am self-employed, and not sure of my downside by calling them.I'm not sure I even have a very specific question other then should my first step be calling them? Also any advice on talking with them?I never did file personal bankruptcy as I did not have enough assets for them to go after.

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Law Educator, Esq.

Attorney At Law

Doctoral Degree

 
104,184 satisfied customers
Can you dissolve your CA corporation while you are in

Can you dissolve your CA corporation while you are in personal bankruptcy ch. 7?If you decide to dissolve a corporation, and give 120 days notice to your creditors to file a claim, but do not have sufficient assets to pay all corp debts, then what do you do?By 'assets' for example, "machinery" that is used in business, how is it determined if it is a corp asset or a personal asset used in business?Can you dissolve a corporation and start a new one that does the same thing?

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37,522 satisfied customers
I want to file bankruptcy, personal and professional. What

I want to file bankruptcy, personal and professional.What are the steps?

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DrakeLAW

Juris Doctorate

 
300 satisfied customers
I filed corporate and personal bankruptcy 3 years ago on of

I filed corporate and personal bankruptcy 3 years ago on of my banks sent me a cancellation of debt will it be considered income on my taxes

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Roger

Litigation Attorney

Doctoral Degree

 
32,782 satisfied customers
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