Bankruptcy Law

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Related Bankruptcy Law Questions
For bankruptcy, a couple of quick questions. If someone is
For bankruptcy, a couple of quick questions. If someone is the sole owner of a business, could the owner include those debts in the personal bankruptcy or would the business somehow need to file bankr… read more
Terry L.
Terry L.
Attorney
Doctoral Degree
2,866 satisfied customers
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
Law Educator, Esq.
Law Educator, Esq.
134,356 satisfied customers
I am no longer able to pay my monthly obligations (two cc's
Hello, i am no longer able to pay my monthly obligations (two cc's totaling $5500, rent, utilities, and two unsecured loans totaling $10,000). I only have $3000 in my checking account which has been d… read more
mmdesq
mmdesq
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Doctoral Degree
518 satisfied customers
I ran a small from 2001 - march 27th 2015 - it is a corporation
I ran a small biz from 2001 - march 27th 2015 - it is a corporation - I sole owned and operated - short story - 2008 hit me badly - i filed personal bankruptcy in 2010 - continued with corp biz - hit … read more
CalAttorney2
CalAttorney2
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I filed . 7 no-asset bankruptcy in 2010 and received
I filed for Ch. 7 no-asset bankruptcy in 2010 and received a discharge. I subsequently was served with two civil complaints today amounting to over $100,000 collectively for student loans that I co-si… read more
Phillips Esq.
Phillips Esq.
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If a business establishes a Limited Liability Company structure
If a business establishes a Limited Liability Company structure with little to no assets and it is a sole proprietorship. Then, the company has to declare bankruptcy to escape some business debt, what… read more
wallstreetfighter
wallstreetfighter
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Doctoral Degree
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I filed chapter 7 bankruptcy in 2009 because in 2008 I had
I filed chapter 7 bankruptcy in 2009 because in 2008 I had become disabled. I filed with the house and my truck exempt with the intent to reaffirm the loans. The were sent letters and I received copie… read more
CalAttorney2
CalAttorney2
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My husband and I have owned a construction company in Idaho
My husband and I have owned a construction company in Idaho for 25 years. It's a corporation. It was once very successful, but is now failing miserably. We have started a new business with a new name … read more
wallstreetfighter
wallstreetfighter
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My husband and I were in excellent financial standing until
My husband and I were in excellent financial standing until March 2011. I had eye surgery that left me legally blind and our income dropped from about $5k - $6K take home a month to $1080 per month. O… read more
wallstreetfighter
wallstreetfighter
Attorney
Doctoral Degree
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My wife and I are preparing to file Bankruptcy Chapter 7 in
My wife and I are preparing to file Bankruptcy Chapter 7 in Florida due to the fact that I am perminantely Disabled and have no chance of recovering enough to ever work again. I have been fighting wit… read more
cfortunato
cfortunato
J.D.
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I had debated on doing a short sale for 10 months but it happened
I had debated on doing a short sale for 10 months but it happened in Nov. now I am living in an apt. bought a used car; payment 564.per month. My income is less, no overitme. Credit cards about 18,000… read more
wallstreetfighter
wallstreetfighter
Attorney
Doctoral Degree
11,809 satisfied customers
Hello. I have approx. 20k in credit card debt, 230k on a first
Hello. I have approx. 20k in credit card debt, 230k on a first mortgage, and 145k on a HELOC. House is worth 225k now. This is my personal debt. My S Corp has approx. 45k in secured debt and 150k in u… read more
cfortunato
cfortunato
J.D.
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We have filed Chapter 13 bankruptcy in February. What will
We have filed Chapter 13 bankruptcy in February. What will happen if I get an inheritance of 34,000 per year. Will the court take all the money. I believe the bankruptcy was for 60 months, total plan … read more
cfortunato
cfortunato
J.D.
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I Live in California. I need advice on some of the exemptions
I Live in California. I need advice on some of the exemptions in this state. Married, one child, 2 car payments(lease one, loan on another),renting a home and own a business, current on all personal a… read more
cfortunato
cfortunato
J.D.
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Foreclosure V. Ch 7 Bankruptcy Currently am an ex-spouse
Foreclosure V. Ch 7 Bankruptcy Currently am an ex-spouse two mos. post-divorce, joint owner of a defaulted 2nd-home property/loan in Alabama, Hancock Bank Chicago that is going to pursue a foreclosure… read more
socrateaser
socrateaser
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I have a question about not being able to pay on my SBA loan
I have a question about not being able to pay on my SBA loan because of a slow down in my business. The business is a C-CORP I wonder if we can default and not file chapter 7?or will they come after m… read more
cfortunato
cfortunato
J.D.
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I own an Illinois C-corp and I am the only shareholder. In
I own an Illinois C-corp and I am the only shareholder. In October of 2008 I surrendered all assets in leu of foreclosure. All taxes, utilities etc. were paid. 3 suppliers were not paid to the sum of … read more
Terry L.
Terry L.
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Doctoral Degree
2,866 satisfied customers
My situation has 2 complications 1) Ive been self employed
My situation has 2 complications: 1) I've been self employed for last ten years. 2) I'm considering applying for Disability. Let me list some quick facts: INCOME: 1) I'm married. My wife makes $67K as… read more
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JoeLawyer
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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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Meet the Experts:

Terry L.

Terry L.

Attorney

2,866 satisfied customers

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

cortrightlaw

cortrightlaw

Attorney

527 satisfied customers

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

JoeLawyer

JoeLawyer

Attorney

376 satisfied customers

Attorney in the practice of Bankruptcy Law since 1996

A.J.

A.J.

Attorney

4,300 satisfied customers

Experienced consumer bankruptcy attorney.

Fritz

Fritz

Attorney

209 satisfied customers

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

Law Girl

Law Girl

Attorney

153 satisfied customers

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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