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When can potential creditor be omitted
This corp won't get a discharge so all you are doing is giving notice the corp is broke. With no discharge due diligence required is reduced. Make sure you charge for typing w all of the creditors.
Sent from my iPhone
On Dec 21, 2009, at 1:04 PM, "David A. Tilem" wrote:
yes, I have had one of those - a mail order house - but them's the breaks. I just charged more.
David A. Tilem
Certified Bankruptcy Specialist*
Law Offices of David A. Tilem (a debt relief agency)
206 N. Jackson Street, #201, Glendale, CA 91206
Tel: 818-507-6000 Fax: 818-507-6800
* Bankruptcy specialist cert. by State Bar of CA Bd of Legal Specialization.
on
ert Kawahara
Sent: Saturday, December 19, 2009 3:45 PM
To: cdcbaa@yahoogroups.com
Subject: RE: [cdcbaa] When can potential creditor be omitted
Thanks. The list could be over a thousand creditors.
The post was migrated from Yahoo.
charset="windows-1251"
yes, I have had one of those - a mail order house - but them's the breaks.
I just charged more.
David A. Tilem
Certified Bankruptcy Specialist*
Law Offices of David A. Tilem (a debt relief agency)
206 N. Jackson Street, #201, Glendale, CA 91206
Tel: 818-507-6000 Fax: 818-507-6800
* Bankruptcy specialist cert. by State Bar of CA Bd of Legal
Specialization.
Bert Kawahara
Sent: Saturday, December 19, 2009 3:45 PM
To: cdcbaa@yahoogroups.com
Subject: RE: [cdcbaa] When can potential creditor be omitted
Thanks. The list could be over a thousand creditors.
The post was migrated from Yahoo.
If it's an asset case, all potential claimholders should be listed. If it's
not an asset case then failing to list it is much less important.
David A. Tilem
Certified Bankruptcy Specialist*
Law Offices of David A. Tilem (a debt relief agency)
206 N. Jackson Street, #201, Glendale, CA 91206
Tel: 818-507-6000 Fax: 818-507-6800
* Bankruptcy specialist cert. by State Bar of CA Bd of Legal
Specialization.
Bert Kawahara
Sent: Thursday, December 17, 2009 8:38 PM
To: cdcbaa@yahoogroups.com
Subject: [cdcbaa] When can potential creditor be omitted
Sub-contractor has worked on hundreds of new housing developments in the
last ten years? I believe the SofL for construction defects for new housing
is 10 years. Sub is a family owned corp and insured but has a large
deductible and cannot continue business - too many pending lawsuits. Corp
assets - less than $30,000, including A/R.
1. Is every "potential" creditor required to be listed? - HOA's, individual
homeowners, the prime contractors, the insurance companies, developers,
etc.?
2 Any other recommendations to wind down and liquidate outside of BK?3. Is
this worrying about nothing?
Thank you for any guidance.
Message
If it's an asset
case, all potential claimholders should be listed. If it's not an
asset case then failing to list it is much less important.
David A.
Tilem
Certified Bankruptcy
Specialist*
The post was migrated from Yahoo.
Best to list all. If any dividend to creditors, cannot rely on Beezley/Nielson.
D
Sent from my iPhone
On Dec 17, 2009, at 8:38 PM, "Bert Kawahara" wrote:
Sub-contractor has worked on hundreds of new housing developments in the last ten years? I believe the SofL for construction defects for new housing is 10 years. Sub is a family owned corp and insured but has a large deductible and cannot continue business - too many pending lawsuits. Corp assets - less than $30,000, including A/R.
1. Is every "potential" creditor required to be listed? - HOA's, individual homeowners, the prime contractors, the insurance companies, developers, etc.?
2 Any other recommendations to wind down and liquidate outside of BK?3. Is this worrying about nothing?
Thank you for any guidance.
Best to list all. If any dividend to creditors, cannot rely on Beezley/Nielson.DSent from my iPhoneOn Dec 17, 2009, at 8:38 PM, "Bert Kawahara" <bertkawahara@yahoo.com> wrote:
Sub-contractor has worked on hundreds of new housing developments in the last ten years? I believe the SofL for construction defects for new housing is 10 years. Sub is a family owned corp and insured but has a large deductible and cannot continue business - too many pending lawsuits. Corp assets - less than $30,000, including A/R.
1. Is every "potential" creditor required to be listed? - HOA's, individual homeowners, the prime contractors, the insurance companies, developers, etc.?
2 Any other recommendations to wind down and liquidate outside of BK?3. Is this worrying about nothing?
Thank you for any guidance.
The post was migrated from Yahoo.
Sub-contractor has worked on hundreds of new housing developments in the last ten years? I believe the SofL for construction defects for new housing is 10 years. Sub is a family owned corp and insured but has a large deductible and cannot continue business - too many pending lawsuits. Corp assets - less than $30,000, including A/R.
1. Is every "potential" creditor required to be listed? - HOA's, individual homeowners, the prime contractors, the insurance companies, developers, etc.?
2 Any other recommendations to wind down and liquidate outside of BK?3. Is this worrying about nothing?
Thank you for any guidance.
The post was migrated from Yahoo.