I declared personal bankruptcy, chapter 13.

The credit cards I obtained for my LLCs were also placed on my personal bankruptcy, but some creditor banks said the biz credit cards were not dischargeable, even though some banks decided to close-out the balance of my business card accounts...

Our main business is already in the process of bankruptcy and has been shut down. We had a car that was in the company name and we voluntarily turned it in (felt it wasn't right to keep a high end car while business going under) We thought we were doing the right thing. Turns out my husband signed a...

The Trustee is threatening to access an interest I hold in assets of a multimember LLC, by collapsing the LLC. Can she do so legally? Where is the authority for doing so?

My Father has organized an LLC with all his kids as members and interest holders. The Trustee has threatened to collapse the LLC in order to access my interest in it. Can she do that? What authority does she have to ruin it for everyone else?

Hi!
I have been reading many of your helpful posts over the past weeks. It's great so many people are being so supportive of each other in one of the hardest times of their lives.

My situation is that I used credit cards to fund inventory for a small business. Half of all my...

Has anyone had to do two separate chapter 7's - once for personal & once for a business (LLC - but only one member - me).

If we add it all up -its over the limit for 13 - but separately - it could be a 7 personally & then maybe a 7 or 13 for the business.

the two...

I am filing chapter 7 and own 2 companies. Both companies are not currently running. However I am going to dissolve 1 of them ( it is an LLC )and start back with the other. My fear is this is going to mess up my personal Bk and that TT will make me close it down. The debt I have is some business but...

Hello and thanks in advance for any help you can give me. Im an avid forumer and like to write. Hopefully I dont need write here that often, LOL, but I will stick around and let everyone knows what happened. Sorry for my sentence and paragraph structure and grammer, im tired from all the moving and...

My wife and I are preparing to file personal Ch.7. The attorney has all of the paper work and expects to file in the next 3 weeks. My income comes from an in home services business with no employees (other than me) that is an LLC. The income can come in large amounts but is very irregular, and I have...

Hi everyone,

First want to say how great it is to find this forum. So glad I am not alone and I feel much more confident our decision to file bk - we are so over our heads in unsecured debt it is just ruining our daily lives.

Anyway, I have a question. Long story short...

Been lurking here for the last several weeks just trying to learn as much as possible about our impending bankruptcy. First, I must thank you all for the valuable information that you share - it certainly helps me sleep better at night.

Regarding our case, spouse and I own a consulting...

I have approximately $100K in business credit card debt. They are business credit cards. they do show up on my personal credit report (I assume because I had to guarantee them) With the recent freeze on lending, I have no way to pay. being an LLC, am I responsible for this debt? Any insight on how to...