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I'm trying to figure out a way to determine the main differences
I'm trying to figure out a way to determine the main differences between a Chapter 7 or a debt consolidation plan for my personal credit card debt and unsecured credit loan. How do choose? I also did … read more
Attorney2020
Attorney2020
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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
Roger
Roger
Litigation Attorney
Doctoral Degree
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if i file bk can i keep my homes? is there way to work it out?
if i file bk can i keep my homes? is there way to work it out? a repayment plan? im in the middle of a divorce and want to keep my homes but my ex stole all my money from me and my business accounts s… read more
Ellen
Ellen
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how is my llc businesss affected by personal bankruptcy. I have been in busine
how is my llc business's affected by personal bankruptcy. I have been in business for 18 years. Incorporated in 2004 as an LLC. have business credit card debt that have been opened since 1996 thru 200… read more
Phillips Esq.
Phillips Esq.
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We have several homes in FL, they are upside down. We also
We have several homes in FL, they are upside down. We also have several businesses. We have held the homes personally and filed them on a schedule e on our tax return. Our CPA and business consultant … read more
cfortunato
cfortunato
J.D.
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I am in Texas, filing Chapter 7, so any answers, please have
I am in Texas, filing Chapter 7, so any answers, please have experience in this state. My house was in loan modification review with Chase here in Austin, TX, at the same time it was in foreclosure se… read more
Ellen
Ellen
Attorney
Doctoral Degree
21,737 satisfied customers
I have an llc with cash and assets. I will probably have to
I have an llc with cash and assets. I will probably have to file a personal BK as my credit cards and car are going to have to go away. Can the court come after my LLC?… read more
Ellen
Ellen
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Doctoral Degree
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Can a single partner LLC file ch7 Does the tools of the
Can a single partner LLC file ch7? Does the tools of the trade exception apply? Can the business still function during and after?… read more
Ellen
Ellen
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Doctoral Degree
21,737 satisfied customers
hello there im in texas and my question is that i want to file
hello there im in texas and my question is that i want to file for bankruptcy i have quite a few unsecured credit cards that are in collection agencies with high balances i have also a business line o… read more
Ellen
Ellen
Attorney
Doctoral Degree
21,737 satisfied customers
Former (a few current) employees have filed a class action
Former (a few current) employees have filed a class action law suit against my company and me personally. Since the suit I have lost a large contract that supplied me with 90% of my company's income. … read more
wallstreetfighter
wallstreetfighter
Attorney
Doctoral Degree
11,809 satisfied customers
Facts I take home $30,000yr now, was $90,000. My house &
Facts: I take home $30,000yr now, was $90,000. My house & car payments alone are $32,000yr. I absorbed loans & credit card debts from divorce, payments come to $45,000yr. Financial advisor says YES to… read more
Maverick
Maverick
Doctoral Degree
6,715 satisfied customers
I have an LLC ice cream business that has been losing money
I have an LLC ice cream business that has been losing money since it opened. I have an SBA loan and another $55,000 in unsecured debt tied to the business. Partially because of the business, I also ha… read more
Maverick
Maverick
Doctoral Degree
6,715 satisfied customers
We are member/managers of our LLC dba our 21 unit inn. Due
We are member/managers of our LLC dba our 21 unit inn. Due to renovations and economic downturn we have over $100,000 in both personal credit card debt and credit card debt under the name of the LLC. … read more
Phillips Esq.
Phillips Esq.
Attorney
JD
21,111 satisfied customers
My wife has her own business and can no longer pay her bills.
My wife has her own business and can no longer pay her bills. All her debt is in her name on personal credit cards, about $90,000. She has an LLC, that is in her name in the state of SC. What are her … read more
Maverick
Maverick
Doctoral Degree
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can an LLC chapter 7 bk go after personal effects The LLC
can an LLC chapter 7 bk go after personal effects? The LLC has TIN from IRS, separate books, place of business, etc.… read more
Roger
Roger
Litigation Attorney
Doctoral Degree
26,989 satisfied customers
how will filing a personal chapter 13 affect setting up and
how will filing a personal chapter 13 affect setting up and running a LLC? Will I be able to open a LLC checking account (will filing chapter 13 affect my ability to open any checking accounts)?… read more
Ellen
Ellen
Attorney
Doctoral Degree
21,737 satisfied customers
I am considering filing chapter 7 bankruptcy in Michigan.
I am considering filing chapter 7 bankruptcy in Michigan. I have rental properties which currently NOT in foreclosure. However, I intend to include them in the bankruptcy. My question is whether I sho… read more
Ellen
Ellen
Attorney
Doctoral Degree
21,737 satisfied customers
If my business debt is only credit cards, that have my individual
If my business debt is only credit cards, that have my individual name and the business name listed on them, and I transfer ownership of my scorp. to another owner prior to filing for chpt. 7 bk, how … read more
JoeLawyer
JoeLawyer
Attorney
Juris Doctorate
376 satisfied customers

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Meet the Experts:

Terry L.

Terry L.

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cortrightlaw

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JoeLawyer

JoeLawyer

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A.J.

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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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