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Ask WALLSTREETESQ Your Own Question
Category: Bankruptcy Law
Satisfied Customers: 17248
Experience:  14 years exp., CH 7 AND 13 Bankruptcy cases, AFL-CIO UNION PLUS, UFT NYSID AND ALL MAJOR UNIONS
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I just filed chapter 7 last week. I would like to start a

Customer Question

I just filed chapter 7 last week. I would like to start a new business asap and get a federal ID, but I was told it would take anywhere from 2 to 6 months until my bankruptcy was complete. Is there anyway I can start the business right now. If so how???
Submitted: 7 years ago.
Category: Bankruptcy Law
Expert:  WALLSTREETESQ replied 7 years ago.
you can start the buisness any time, however, you would have to list any income you may recieve in your filings, I would not file a corporation or get a tax id until after the discharge, as you do not want any issues. If you file it now, you would have to disclose it, but it will not be an issue.