Hello all. I've been on this site for quite some time now as I knew that one day we would end up having to file BK. This site is wonderful!
The time for us to file has come! I found out that one of our creditors has filed a lawsuit against my husband. It was just filed on 4/20/11. He has not been served yet. although I expect that he will be served some time this week.
We plan on filing a Chapter 7, and I plan on filing pro se. We met with an attorney back in 2008 and I decided then that I would go pro se. I am a paralegal and I know that the paralegals are the ones that actually prepare the petitions, so I can do this!
I do plan on meeting with another attorney, just to get some answers on questions that I have, but I figured I'd ask here too!
Way back when, probably around 2004 or so, my husband and I got into the real estate market, buying and selling property. All of the properties that we could not sell have since gone into foreclosure, most over 2 years ago. Upon our accountant's advice, we formed a corporation for tax purposes. Again, this was back in 2004/2005. The corporation was dissolved in 2007/2008. Some, (I'd say 2 or 3 credit cards) were in the corporation's name, however, either mine and/or my husband's social security number was used to actually get us the credit, as the corporation had recently been formed at that time.
My question is, do I list these debts as personal or business debts? These 2 or 3 credit cards are the only debts that were in the business' name, guaranteed by our credit. Now with all the interest, fees, etc., that have accumulated over the past few years, I think the total of these 2 or 3 cards is about $25k. There is nothing else that the corporation owned, and no other business debt. Other than these, all our other debt is personal debt, with a big chunk of real estate/foreclosure debt. The cards were in all likelihood used for both business and personal use, and it has been almost 3 years since the credit cards were used.
Thanks in advance for your help!
The time for us to file has come! I found out that one of our creditors has filed a lawsuit against my husband. It was just filed on 4/20/11. He has not been served yet. although I expect that he will be served some time this week.
We plan on filing a Chapter 7, and I plan on filing pro se. We met with an attorney back in 2008 and I decided then that I would go pro se. I am a paralegal and I know that the paralegals are the ones that actually prepare the petitions, so I can do this!
I do plan on meeting with another attorney, just to get some answers on questions that I have, but I figured I'd ask here too!
Way back when, probably around 2004 or so, my husband and I got into the real estate market, buying and selling property. All of the properties that we could not sell have since gone into foreclosure, most over 2 years ago. Upon our accountant's advice, we formed a corporation for tax purposes. Again, this was back in 2004/2005. The corporation was dissolved in 2007/2008. Some, (I'd say 2 or 3 credit cards) were in the corporation's name, however, either mine and/or my husband's social security number was used to actually get us the credit, as the corporation had recently been formed at that time.
My question is, do I list these debts as personal or business debts? These 2 or 3 credit cards are the only debts that were in the business' name, guaranteed by our credit. Now with all the interest, fees, etc., that have accumulated over the past few years, I think the total of these 2 or 3 cards is about $25k. There is nothing else that the corporation owned, and no other business debt. Other than these, all our other debt is personal debt, with a big chunk of real estate/foreclosure debt. The cards were in all likelihood used for both business and personal use, and it has been almost 3 years since the credit cards were used.
Thanks in advance for your help!
have read a lot of it already and the book is great, it is very informative! I think that with the book and this forum, I am ready to go!
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