I own a corp. On monday I am going to a Ch 13 to a Ch 7. However I have 4 partners It is a S Corp. What will happen to my % in the corp. I am selling my % to my partners monday. Will the court take the $$$ when they find out from my partners?????
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In ch 13 going to a ch 7 monday need help
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If you can't exempt the money under some exemption scheme, then it is property of the Bankruptcy Estate. I hope you're working with an attorney on this.Chapter 7 (No Asset/Non-Consumer) Filed (Pro Se) 7/08 (converted from Chapter 13 - 2/10)
Status: (Auto) Discharged and Closed! 5/10
Visit My BKForum Blog: justbroke's Blog
Any advice provided is not legal advice, but simply the musings of a fellow bankrupt.
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