Bankruptcy Law

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I was Personally Suit in a Civil Case - unfortunately the
Hi, I was Personally Suit in a Civil Case - unfortunately the Jury has decided against me . The Judge final hearing is in 30 days on potential damages. Wanted to know the options for bankruptcy protec… read more
Roger
Roger
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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 v… read more
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I have an S-corp which is going to close due to losses and
I have an S-corp which is going to close due to losses and unsustainable debt. In the process we will be filing personal Chapter 7 bankruptcy. There is roughly $300k in business debt we have personal … read more
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Hello, my question is this. If my Chapter 7 case has been
Hello, my question is this. If my Chapter 7 case has been discharged and a Lessor named in my statement of intention files a claim after discharge, am I obliged to pay this? The debt was sent to colle… read more
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I own a S-Corporation. I filed a personal Chapter 7 bankruptcy.
I own a S-Corporation. I filed a personal Chapter 7 bankruptcy. I am the guarantor of the business loan. The business loan was discharged under my personal bankruptcy. There is a collections company t… read more
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This is an Illinois related question. My wife and I, although
This is an Illinois related question. My wife and I, although currently both self employed with our own single member LLC's, are looking for new employment outside of these LLC's. One of the LLC's wil… read more
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after discharge from chapter 7, I continued paying my lease
after discharge from chapter 7, I continued paying my lease car for two more years to the end of the lease without reaffirmation. now the company refuses to allow me to buy the car back. what are my r… read more
Fritz
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I am going through a divorce. My wife and I came to a property
I am going through a divorce. My wife and I came to a property agreement, but when the letter from her attorney arrived, it contained the following statement. Mr. Seth must unequivocally agree that hi… read more
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I owe approx.$7500.00 for cigerettes I purchased online in
I owe approx.$7500.00 for cigerettes I purchased online in kentucky 4years ago and now NJ div. of taxation has filed a judgement against me . 2 years ago I lost my house and filed chapter 7 bankruptcy… read more
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i went through a bankruptcy and was discharged march 2010.
i went through a bankruptcy and was discharged march 2010. The main reason we had to do this was that I was in a construction business and had various entities litigating anf naming me personally as w… read more
Ellen
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How does filing for Chapter 11 affect the spouse during divorce
• How does filing for Chapter 11 affect the spouse during divorce litigation especially since it was filed after the divorce filing? • The divorce paperwork, i.e. declarations shows that the majority … read more
socrateaser
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As a business(C corp) owner filing for chapter 7, does that
As a business(C corp) owner filing for chapter 7, does that include my personal credit as well? Or do i have to file twice? If i purchase a vehicle before i file, do i get to keep the vehicle? Do i ha… read more
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In case of liquidation of company Question 1 wich responsibility
In case of liquidation of company: Question 1: wich responsibility there are if not all creditors are paid? creditor include the tax and any social security contributions. question 2: The liquidation … read more
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In the state of Georgia, can an attorneys office retained
In the state of Georgia, can an attorney's office retained by the creditor continue to collect on a debt even after the creditor has charged off the debt?… read more
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1. What does it mean when a petition needs to be filed to declare
1. What does it mean when a petition needs to be filed to declare an estate in solvent? 2. If a petition is not filed declaring the estate insolvent, and an asset is discovered after a bankruptcy has … read more
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My corporation is most likely to be sued by a collection agency
My corporation is most likely to be sued by a collection agency for $4370, I don't have the funds or assets to pay. What to do? File for bankruptcy?… read more
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There was a civil jdmt awarded against us because our lawyer
There was a civil jdmt awarded against us because our lawyer lied and told us she took care of our answer to the court. A default was awarded because we never answered the court. We have filed bankrup… read more
Phillips Esq.
Phillips Esq.
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JD
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It has been recommended that I add the 35K in s corp credit
It has been recommended that I add the 35K in s corp credit card debt to my personal bankruptcy to avoid being personally responsible for the s-corp unsecured debt. The corp would still be responsible… read more
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Meet the Experts:

Terry L.

Terry L.

Attorney

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Better Business Bureau. 18yrs bankruptcy experience. Chicago Bar Assoc. American Bankruptcy Institute member.

cortrightlaw

cortrightlaw

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Attorney practicing Bankruptcy Law including Chapter 7, Chapter 11, Chapter 12, and Chapter 13.

JoeLawyer

JoeLawyer

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Attorney in the practice of Bankruptcy Law since 1996

A.J.

A.J.

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Experienced consumer bankruptcy attorney.

Fritz

Fritz

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Florida attorney with extensive experience in Chapter 7 and Chapter 13 consumer bankruptcy cases

Law Girl

Law Girl

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I am an attorney.

Paul K, Esq.

Paul K, Esq.

Attorney

141 satisfied customers

10 years Exp., Great customer service, Prompt responses.

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DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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