Originally posted by StartingOver08
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Actually, what he has may work. Check an attorney for facts, but maybe he could do the following:
Current company name d/b/a his own name
(So I am assuming the debt is either in his personal name or the current company name and when he files personally he discharges the debt and personal guarantees he made with the current company. He can then close the current company)
New company name d/b/a his own name
All new debt is under his personal name from date of filing or under the new company name.
Check this out with the attorney's to see if there would be a problem or if there is a better solutionFiled CH 7 9/30/2008
Discharged Jan 5, 2009! Closed Jan 18, 2009
I am not an attorney. None of my advice is legal advice in any way..
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Originally posted by StartingOver08 View PostActually, what he has may work. Check an attorney for facts, but maybe he could do the following:
Current company name d/b/a his own name
(So I am assuming the debt is either in his personal name or the current company name and when he files personally he discharges the debt and personal guarantees he made with the current company. He can then close the current company)
New company name d/b/a his own name
All new debt is under his personal name from date of filing or under the new company name.
Check this out with the attorney's to see if there would be a problem or if there is a better solution
All his debt credit cards, loans and the IRS have his name stamped all over it. I don't know this is the first I have ever heard of you being able to do that. Issue is his dealers, he owns an auto body shop but those accounts are under the business....
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