top Ad Widget

Collapse

Announcement

Collapse
No announcement yet.

Small business in personal ch 13

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    Small business in personal ch 13

    Everything I asked so far and worry about I forgot to ask how a small business is affected with a personal ch 13. It is a small vending business, not a cash business either. It at break even but makes some money some months.

    #2
    Your lawyer is going to need your financial records for your small business going back for at least the six months before filing.

    How much of your debt is personal vs. tied to your business? What model did you use to set up your business legally?
    I am not a lawyer and this is not legal advice nor a statement of the law - only a lawyer can provide those.

    06/01/06 - Filed Ch 13
    06/28/06 - 341 Meeting
    07/18/06 - Confirmation Hearing - not confirmed, 3 objections
    10/05/06 - Hearing to resolve 2 trustee objections
    01/24/07 - Judge dismisses mortgage company objection
    09/27/07 - Confirmed at last!
    06/10/11 - Trustee confirms all payments made
    08/10/11 - DISCHARGED !

    10/02/11 - CASE CLOSED
    Countdown: 60 months paid, 0 months to go

    Comment


      #3
      Business has no debt at all. All debt is personal. Business took a small loss last 2 years, which is the first 2 years, this year may show a small profit.

      Comment

      bottom Ad Widget

      Collapse
      Working...
      X