Do It Yourself Bankruptcy Do it yourself bankruptcy can be tempting, especially where funds are limited. After all, the whole reason to file a do it yourself bankruptcy is that you are broke! I mean like, how hard can this be? After all, there are paralegals who will give you legal advice about all the […]
A Checklist of 33 Indicators That You Should See a Bankruptcy Attorney Here are 33 warning signs that you might need to file a Chapter 7 Bankruptcy or Chapter 13 debt reorganization plan to control creditors or eliminate your debts. If one or more apply, you should see a bankruptcy attorney as soon as […]
Can I Operate My Business In Chapter 7 Bankruptcy?
This is a very common question I get when clients come into my office. My answer is always “well maybe, maybe not, it depends.” Not the answer that they want but it is the truth. I then analyze their actual circumstances to be able to give them a better answer.
Here I will explain of the basic analysis I use.
Business in Chapter 7 Bankruptcy by Business Type:
If it is a Corporation:
If you own a corporation, it can continue to operate even if you file bankruptcy. (more…)