If I dissolve the business, is bankruptcy necessary when there are outstanding liabilities?
Archive for the 'Bankruptcy' Topic
posted by Questions @ Hello I have a franchise that I`ve been operating of 6 years now. I haven`t renewed my franchise agreement but we are still operational. We`ve grown this year but I`m still playing catch up for previous years and I`m finding it harder and harder to stay afloat. I`m presently trying to sell but if I [...]
I`m a stay at home mom. I live and am mostly supported by my parents. I have an extensive amount of debt that is split with my ex-husband. I have no assets or no money can I still file for bankruptcy?
I read that student loans can be discharged after 7 yrs if you file for bankruptcy. I had student loans 10 years ago, but then three years ago returned to school using srudent loans. Are my student loans from the fist time I obtained funding elgiable for discharge b/c it has been over 7 yrs [...]
My friend is in dire financial straits, they owe many creditors (utilities, credit cards), back taxes on their home (town has threatened to take their home) and the line of credit which their home and vehcile is financed. He is unsure if he should go the route of bankruptcy or if there is another alternative. [...]
Where is the line that going bankrupt is inevitable and no other option is realistic?
My job is seasonal. I work hard for the 4 months in the summer and my income is much higher, then the rest of the year it is slow. I know in a bankruptcy my payments are tied to my income, so if my income is high for those 4 moths am I autlmatically in [...]
I am on a fixed pension as is my wife. We have 3 credit cards, a visa, a mastercard and a amex. These were used to try to start a small business that didn`t work. Now my health is becoming a problme. I can`t keep up with the payments. We don`t want to file bankruptcy, [...]
What is the eve of bankruptcy. I think I need to file a bankruptcy, but I gave my son a vehicle about 9 months ago. Am I going to have a problem. Are they gong to say I knew I was going to file bankruptcy, which I didn`t, and was trying to hide an asset?
Do your creditors have the right to access personal info at the Motor vehicle registry to find out what a debtor owns? Or, do they get access to this information from a bankrupt persons trustee? It seems like my creditors are getting information on me that I don`t want them to have and I don`t [...]
