Bankruptcy Law

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Related Bankruptcy Law Questions
I have a business bankruptcy question. Ohio...and no. My
My question involves the means test. My business debt far out weighs my personal debt. Should be business bankruptcy. Business is closed. Will the bankruptcy automatically be a chapter 7 or can the court make me file 13. … read more
Zachary Fowler
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Can a non-filing spouse who was an independent contractor
Can a non-filing spouse who was an independent contractor (office staff/manager/bookkeeper/all duties) for a debtor's LLC be considered an insider for preferential payments?… read more
LegalGems
LegalGems
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My husband has owned a small dental office for 35 years. Due
My husband has owned a small dental office for 35 years. Due to the economy the business is only holding on three days a week. We have used credit cards to pay for taxes, supplies, and home needs. We … read more
A.J.
A.J.
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Just something quick : my current LLC is in default as of September.
Just something quick : my current LLC is in default as of September. 695.00 to get it up-to-date/reinstated. Do I need to do this before I file for bankruptcy? (Reinstate if possible since its past du… read more
wallstreetfighter
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My LLC is in default. I just read that you cannot file chapter
My LLC is in default. I just read that you cannot file chapter 7 if you are an LLC (only if you're a sole proprietor) I have an online biz and a shop, I need to either reform or reinstate, but I def n… read more
wallstreetfighter
wallstreetfighter
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My husband and I just got a house my mom purchased for us,
My husband and I just got a house my mom purchased for us, because financially we could not afford to buy it ourselves. She paid cash for it and gifted it to us (because we just bought it the house is… read more
wallstreetfighter
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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
wallstreetfighter
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Hi, I own a time share and a home with my boyfriend of 14 yrs.
Hi, I own a time share and a home with my boyfriend of 14 yrs. We reside in PA. I'm considering filing individual bankruptcy on my own. Will he be able to keep these assets?… read more
wallstreetfighter
wallstreetfighter
Attorney
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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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Hi. I am starting a new small business in Texas where I now
Hi. I am starting a new small business in Texas where I now live. I have a business in Arizona where I moved from. It is unfortunately not doing well now and I may need to file bankruptcy on it. There… read more
cfortunato
cfortunato
J.D.
7,967 satisfied customers
We own a Hotel in Houston, Texas. It was bought Brand new in
We own a Hotel in Houston, Texas. It was bought Brand new in November 2007 from a builder. Its a major flag. The price was 4.35 million and the closing cost and other expenses was another 150k. We had… read more
Ellen
Ellen
Attorney
Doctoral Degree
20,888 satisfied customers
If my wife files bancruptcy for her LLC business, as her husband
If my wife files bancruptcy for her LLC business, as her husband is my 401K and property in jeopardy? If so, how do I protect my assets?… read more
cfortunato
cfortunato
J.D.
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I live in PA and I am currently unemployed but I am receiving
I live in PA and I am currently unemployed but I am receiving unemployment benefits. (approx 2,000.00 per month in unemployment money) if there is no extension, my unempolyment will end in the beginni… read more
Roger
Roger
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My husband and I purchased a small business through a bank
My husband and I purchased a small business financed by a bank backed by SBA. We have not made the business payments since March and it has been turned over to an attorney. The business is a LLC. We a… read more
cfortunato
cfortunato
J.D.
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Hi - Requesting this question to be answered by a bankruptcy
Hi - Requesting this question to be answered by a bankruptcy lawyer. My sister is considering filing for bankruptcy as she owes $200,000 in credit cards and has no way of paying for it. She also owns … read more
cfortunato
cfortunato
J.D.
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i am a permantly disabled veteran.I have at least 35,000.00
i am a permantly disabled veteran.I have at least 35,000.00 in credit card and finance company loans debt. Mostly due to helping my four adult children get started out in life and help their financial… read more
Terry L.
Terry L.
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Doctoral Degree
2,885 satisfied customers
I have about $16,000 in credit car debt in my name incurred
I have about $16,000 in credit car debt in my name incurred while owning my own business. I have decided with children that I am not making enough revenue and want to dissolve my LLC (I am in Californ… read more
Terry L.
Terry L.
Attorney
Doctoral Degree
2,885 satisfied customers
Hi, My husband started investing in homes and lands during
Hi, My husband started investing in homes and lands during the booming market. He had a business partner and they formed an LLC for these properties. Now his partner is gone and the houses and land ar… read more
Maverick
Maverick
Doctoral Degree
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Meet the Experts:

J.K.

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cortrightlaw

cortrightlaw

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JoeLawyer

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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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