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A debtor (a rogue patent attorney my company is suing for

A debtor (a rogue patent attorney my company is suing for fraud) filed a 11th hour ch. 13 petition the night before our fraud trial was set to start.He just filed his final schedule with the bankruptcy court and I have lost count of the number of lies and omissions he has on his finalschedule.For example, he cited that he grossed $140K in 2014 but we have bank statements and his deposition testimony from our fraud lawsuit against him where he confirmed that he actually grossed well over $400K (didn't pay any taxes on that money either).Does every lie count as a single fraud act or would all 30+ of his lies/omissions count as a single act....we are trying to get a sense of how serious this bankruptcy fraud situation might be for him.

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TJ, Esq.

Juris Doctor (JD)

11,450 satisfied customers
Received a personal ch7 discharge 2 years ago. Not all

Received a personal ch7 discharge 2 years ago.Not all Federal tax was not discharged so their are tax liens on record at county recorder and on credit report. I had no success in settling state tax that was not discharged currently in the hands of a collector.

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DrakeLAW

Juris Doctorate

948 satisfied customers
I own a C-Corp in Illinois. The "assets" are 2 taxi

Hi,I own a C-Corp in Illinois.The "assets " are 2 taxi Medallions,valued at 120,000 combined and 1 car ,valued at $5000.But my medallions loan is $500,000,so Im totally "underwater".(the Medallions values decreased from $350,000Also,to note that Im a personal guarantor on the Medallion Loan of $500,000 .Questions:1)Can I file personal Bk chapter 7 anytime ,and include the Corp Debt in my personal Bk,since I'm a guarantor?(And they gave me a notice of intend to foreclose on the medallions,the will probably seek a judgement against me personally,since my company doesn't have any other assets,except for the car valued at $5000)?Or I would have to wait for the Lender to foreclose and then file C Corp Bankruptcy,and then my personal bankruptcy?Or ,when they obtain a Judgement (probably in my personal name),I can file personal Bk at that time,and avoid filing C Corp Bankruptcy?(I would prefer to keep my corporation open,as Im working as a Limousine driver and getting paid on my company name;I make about $4000 a month...)

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Maverick

Doctoral Degree

7,150 satisfied customers
If possible, Question about post -judgement interrogatories

For Barrister Only if possible,Question about post -judgement interrogatories and a Request for Production of Documents.Hi Barrister, don't know if you remember me, but we were in conversation last May. We need your advice again, on the AMEX issue. Thanks!

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Barrister

Attorney/Landlord/Realtor

Doctoral Degree

50,096 satisfied customers
I am a homeowner with close to $35,000 in credit card debt.

Good morning, I am a homeowner with close to $35,000 in credit card debt. I find myself in a deficit of about $250/mo paying mortgage, household expenses, and credit card payments. Would I be eligible for bankruptcy? Thank you,.

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Terry L.

Partner

Doctoral Degree

2,906 satisfied customers
Second opinion] if I file chapter 7 bankruptcy will it stop

Second opinion] if I file chapter 7 bankruptcy will it stop a state sales and use tax garnishment? And after filing how long before they can start trying to collect

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TJ, Esq.

Juris Doctor (JD)

11,450 satisfied customers
Chapter 7 filing. State: In a simplified example, if a Chap

Chapter 7 filing. State:In a simplified example, if a Chap 7 filing successfully results in the cancellation of $100K of unsecured debt, does the person filing the Chap 7 owe federal taxes on the $100K of debt that is eliminated? Seems that if one successfully negotiates a reduction of debt with a credit card company, for example, than the amount of the debt that is "forgiven" is considered as taxable income. Would the elimination of unsecured consumer debt through a Chap 7 filing result in any tax liability for the "forgiven" debt?

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Phillips Esq.

Attorney

Juris Doctor

20,232 satisfied customers
My wife and I own S-corporation in California. We owe about

Hello,My wife and I own S-corporation in California.We owe about $50,000 for tax money but we want to file a bankruptcy because we cannot pay this debt.What is our responsibility?

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Texas Atty

Juris Doctor

36,880 satisfied customers
We just got this from one company, they have an opened

We just got this from one company, they have an opened invoice of about $17,000.00 what should we do?Choxi.com, Inc. - Debtor's Motion Pursuant to Sections 105(A), 332 and 363 of the Bankruptcy Code [Docket No. 11], Declaration of Tracy L. Klestadt [Docket No. 12] and Order to ShowCauseScheduling Hearing on Shortened Notice [Docket No. 14]On December 5, 2016, the Debtor filed a voluntary petition for Choxi.com, Inc. (the “Debtor”) in the United States Bankruptcy Court for the Southern District of New York (Case No. 16-13131) seeking relief under the provisions of Chapter 11 of the United States Bankruptcy Code.Rust Consulting/Omni Bankruptcy is providing you with a copy of the attached document(s):Debtor's Motion Pursuant to Sections 105(a), 332 and 363 of the Bankruptcy Code and Bankruptcy Rules 2002 and 6004 (A) for an Order (i) Approving License Agreement with Stalking Horse Bidder on an Interim Basis, (ii) Scheduling Bid Procedures Hearing and (iii) Directing the Appointment of a Consumer Privacy Ombudsman, (B) for an Order (i) Approving Bid Protections, (ii) Approving Bid Procedures, (iii) Scheduling an Auction and Final Hearing and (iv) Approving the Form and Manner of Notice Thereof and (C) for an Order Approving License Agreement on a Final Basis or Sale to Successful Bidder Free and Clear of all Liens, Claims and Encumbrances [Docket No. 11]· Declaration of Tracy L. Klestadt Pursuant to Local Bankruptcy Rule 9077-1 in Support of Order to Show Cause Scheduling Hearing on Shortened Notice [Docket No. 12]Order to Show Cause Scheduling Hearing on Shortened Notice on the Debtor's Motion Pursuant to Sections 105(a), 332 and 363 of the Bankruptcy Code and Bankruptcy Rules 2002 and 6004 (A) for an Order (i) Approving License Agreement with Stalking Horse Bidder on an Interim Basis, (ii) Scheduling Bid Procedures Hearing and (iii) Directing the Appointment of a Consumer Privacy Ombudsman, (B) for an Order (i) Approving Bid Protections, (ii) Approving Bid Procedures, (iii) Scheduling an Auction and Final Hearing and (iv) Approving the Form and Manner of Notice Thereof and (C) for an Order Approving License Agreement on a Final Basis or Sale to Successful Bidder Free and Clear of all Liens, Claims and Encumbrances [Docket No. 14]

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DrakeLAW

Juris Doctorate

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