Popular searches:
file chapter 7 bankruptcy when to file bankruptcy file bankruptcy yourself
I started a business recently and the profit is now becoming positive, but I am in a pile of debt. Do I have to file Chapter 13?
Talk to a Debt Relief Attorney
Talk to a Lawyer About Your Options for Debt Relief
Select the type of Lawyer you need
I’ve spent the past five years trying to start up a business and I’ve finally built up a substantial number of repeat customers. However, I’ve had to go deep into debt to make it this far. Is there a type of bankruptcy filing that lets you keep running your company while obtaining extra time to pay off your creditors?
Recent Legal Answers
This site does not provide legal advice and users of this site should not interpret any of the information presented here as legal advice. The information provided merely conveys general information related to commonly asked legal questions. We are not a law firm and the employees responding to questions are not acting as your legal attorney. You should ultimately consult with a Lawyer for your case.
Answers (1)
It sounds like you might be eligible to file under Chapter 13. However, this type of decision really needs to be made while consulting with a highly qualified bankruptcy law attorney. Begin jotting down all of your questions for the attorney and make sure you take an accurate listing of all your debts and assets to your first meeting. A Chapter 13 bankruptcy lawyer will be able to quickly decide if that’s the best filing approach for you. Check ahead of time to be sure the attorney you’ll be seeing regularly handles these types of cases. Since you’ll be making a business filing bankruptcy, you probably won’t need to speak with a lawyer who specializes in Chapter 7 filings.
References:
Posted by Elizabeth Smith on 21 Jan 2010
2people found this useful
(6 Votes)Not sure where to start? Use this form to contact an experienced attorney. They will provide a free consultation and assist you with choosing the right path for your case.
Talk to a Lawyer
Describe Your Case
Tell us more about your case so that we can show you lawyers that serve your area.