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    #16
    Originally posted by StartingOver08 View Post
    d/b/a = Doing Business As

    There are corp's that are named for example XYZ Corp d/b/a Carl's House of Blues (just a crazy example). The point is, the name you advertize is easy an descriptive but may not be avail as a corp name. It is frequently done, but you would discuss strategy with an attorney. In your fathers case if he has a name that he has used for 30 years he wants to keep that business name but not necessarily the corp. This can get sticky, so talk to the attorney about it.
    See I asked him about his. The current d/b/a he has is his company name d/b/a his real name. So really the only business name he has sort to speak is the company name and that's it. I don't know if he could create another name, like make it the company name d/b/a something else or what I don't know.

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      #17
      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 solution
      Filed 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..

      Comment


        #18
        Originally posted by StartingOver08 View Post
        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 solution
        Good, I thought you were going to say it was going to be a problem!

        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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