2,3 months ago one of my clients filled for bankruptucy chapter 7. The amount is around 20K he promised me by his word that he will pay me.But he need time.He doesnt want sign any document just give me his word. Is any way to go to the court and sue him ? PS. He is one a "far"relative,uncle of my couisin. Another option he gave me was take his car one bmw or mercedes that he is still making the payments and pass the title for my name. What is the best proceed that I need to do?
We filed personal bankruptcy in 2010. We had a credit card in our personal name, but used only for business. This was included in the bankruptcy. I need to know what account I should write the credit card balance off to. Our company is a Sub-Chapter S. The credit card debt was incurred before we incorporated - while we were still a sole-proprietor - and was carried over when we incorporated.
We have a small family business, and big business has run us out! We just can't compete and make anykind of living. We have already gotten other jobs,full time, to help our family survive. We really don't have anything besides our home and a vehicle.
will all 3 yellow roadway and usf go out of buisness?
iI have a business that is incorporated. If i were to file for bankruptcy under the company. How am I liable on a personal level????? assets etc...personal credit...etc...
I am starting up a small, home based business in the next few months. I realize that in a sole proprietorship situation my business and myself are considered one and the same, specifically in the case of bankruptcy. That being said I am VERY careful with money and live a debt free lifestyle. I also do not plan on financing any part of my business. In this situation are there any other risks that I haven't considered? or any way that I can wind up in hot water financially if I'm not trying to pay back any creditors?
I still owe 25,000 on my business which is secured by my home and business assets. I closed down the physical store and am going online only due to family illness that is causing me to stay home. I cannot make the payments at this point. I am not trying to get out of paying I just need another way. Can I file bankruptcy and still keep my home &business. Any other suggestions? My credit is shot at this point so a loan is out. Family is out. Friends are out.
i want to try to get a small business loan soon but i have declared bankruptcy (chapter 13) a couple of weeks ago. i make a monthly payment, pay on time, and now i need a business loan to start a new business. would i get rejection because of the bankruptcy? if so, where could i go to get financial assistance to start a small business?
¿Puede un restaurante buissnes quiebra y aún así ser libre?
I'm bankrupt, but my mom , wants to open a business, give me the money and I'll open it and run it for her. what the government is going to investigate whether a few months after filing chapter 7 , I will open a business ?
What are the advantages of a subchapter s corporation versus an LLC ?
I'm trying to gather information about filling bankruptcy of an LLC , oppened only seven months ago and have been able to maintain upfloat so far, but does not have the funds to pay the high rent, commercial loans or employee payroll . What options do I have ? Will a bankruptcy of an LLC kill my personal credit ? Am I correct that your personal belongings (like my house ) are safe ? I heard that the laws in New Jersey are
I keep them open only to employ three people to keep their jobs
My brother owns and operates a small machine shop that caters to racing cars and automobile manufacturing Strret ready for competition. He has owned the business for five years , but is barely making ends meet . It has hired a second mortgage and obtained a debt 25k credit card . This is your dream job and you love and the business is good , but can not seem to get ahead and now the debts are pilling and your luck runs out . Are there government grants , free money or any advice you can give to help you keep your business , pay your debts and feed his family ? I have looked for ways to avoid creditors , but have come up with little. I know of consolidation , but not sure how much this will help keep the business ! Any advice would be appreciated and welcomed. Bankruptcy is not really an option , at least not yet ! Thank you for advice or help!