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Can I keep my business and still file chapter 7 ?
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...
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Somewhat Complicated S-Corp/Property LLCs/Land Issues
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...
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Restaurant and Bar (S-Corp) filing BK
After reading through your forums, I must say, you seem to be a pretty helpful lot. Well, here goes: We own a restaurant and bar in Pennsylvania and have seen our business decline 25-30% in the past few months of this recession. We've accumulated about $125,000 in debt to vendors and a cc company (the...
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