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  • Looking for advice LLC with about 600k debt wanting to close down. Options.

    Well I've been trying to post for a few weeks now but so much I want to say that end up procrastinating... live and work in North Carolina.


    I have a failing Small business with about 650k in debt. I keep having to borrow to make it work and just decided to take my life back and stop...
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  • dlinid
    started a topic Given Property from a Deceased Relatives Estate

    Given Property from a Deceased Relatives Estate

    Hi All,

    My DH was given a boat, a car and some other property by the estate of his Aunt. We are in 100% payback, so how do we deal with this property? Will the Trustee just want it added to the list, or will she require us to liquidate it for distribution? We are at month 50 of a 60...
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  • sockmonkey
    started a topic Have a piece of property in another state...

    Have a piece of property in another state...

    Hi all - long time listener, first time caller...

    Nutshell:
    Texas resident, Texas business.
    Own an S-corp.
    Personal finances fine, business closing due to economy.
    Plan on dissolving business entity and filing for personal BK to protect personal assets....
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  • "3rd Party" Rep Stopped By Today to Check Occupancy

    Okay, so haven't paid my primary since Sep '10, everything was discharged in Nov '11. Primary company (IMB/OWB) did file to lift stay from BK proceedings back in Aug '11. Received two applications for modification, obviously no response to them.

    My wife mentioned to me that a gentleman...
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  • Bk Ch7 in Calif. can I keep small plane Cesna?

    Hello All,

    I am thinking of filing for Ch.7 in California. I am currently unemployed and work only odd jobs or sell things online (no regualr income), just enough to get by due to health, etc. I don't have much in terms of assets except one thing I co-own with a family member. We co-own...
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  • clamp
    started a topic Property of Minor Child

    Property of Minor Child

    I have a 17-year-old daughter... most of her belongings were given to her as gifts (tv, furniture, snowboard, etc)... and she has paid for most of her clothes herself.... should I list all her stuff on the property list, but list it as being held for a minor child... and also list it under #14 on the...
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  • clamp
    started a topic Question Property of Minor Child

    Property of Minor Child

    I have a 17-year-old daughter... most of her belongings were given to her as gifts (tv, furniture, snowboard, etc)... and she has paid for most of her clothes herself.... should I list all her stuff on the property list, but list it as being held for a minor child... and also list it under #14 on the...
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  • Ablazed
    started a topic Can Someone Sell His or Her Car After Filing?

    Can Someone Sell His or Her Car After Filing?

    I hope this is not a stupid question but I am curious. Lets say you have a car that was exempt and that you filed Chapter 13 and have already started your payment plan.

    You then decide to sell the car because you can actually walk to work. What happens to the money? Can you keep it or...
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