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Corporate Ch 7 and UD
It depends on the trustee and existence of general liability insurance and
all other required insurance. However, earnings post-petition will belong to
the trustee for the benefit of creditors.
On Thu, Jul 1, 2010 at 5:28 PM, miyun lim wrote:
>
>
> Dear Listmates,
>
> Potential debtor (pd) is a corporation with very little asset.
> ...contemplating filing 7. The pd received ud from the landlord recently and
> ud trial date is set later this month. Ch11 is not an option for the pd. Pd
> wants to file ch7 to stay in the mall little longer so that pd can pay off
> some outstanding trust taxes, eg, sales and payroll, etc.. Advised the pd
> that upon filing corp ch7, the debtor can no longer stay in business and
> needs to close down the business immediately. Any thoughts on this.
>
>
> Teri Lim, Esq.
> *Law Offices of Miyun Teri Lim*
> 3701 Wilshire Blvd. Ste. 1025
> Los Angeles, CA 90010
> (213)389-3557(Office)
> (323) 927-3623 (Fax)
>
>
>
Giovanni Orantes, Esq.
Orantes Law Firm, P.C.
3435 Wilshire Blvd. Suite 1980
Los Angeles, CA 90010
Tel: (213) 389-4362
Phone: (888) 619-8222 x101
Fax: (877) 789-5776
e-mail: go@gobklaw.com
website: www.gobklaw.com
WE ARE A "DEBT RELIEF AGENCY" AS DEFINED BY FEDERAL LAW.
SERVING BAKERSFIELD, LOS ANGELES, ORANGE COUNTY, RIVERSIDE, SAN BERNARDINO
AND SANTA BARBARA.
Note: The information contained in this e-mail message is confidential
information intended only for the use of the individual or entity named. If
the reader of this message is not the intended recipient or an agent
responsible for delivering it to the intended recipient, you are hereby
notified that any dissemination, distribution or copy of this communication
is strictly prohibited. If you have received this communication in error,
please immediately notify us by telephone or e-mail and delete the original
e-mail at (213) 389-4362 or (888) 619-8222.
IRS Circular 230 Disclosure: In order to comply with requirements imposed by
the Internal Revenue Service, we inform you that any U.S. tax advice
contained in this communication (including any attachments) is not intended
to be used, and cannot be used, for the purpose of (i) avoiding penalties
under the Internal Revenue Code or (ii) promoting, marketing, or
recommending to another party any transaction or matter addressed herein.
It depends on the trustee and existence of general liability insurance and all other required insurance. However, earnings post-petition will belong to the trustee for the benefit of creditors.
On Thu, Jul 1, 2010 at 5:28 PM, miyun lim <terilim@yahoo.com> wrote:
Dear Listmates, Potential debtor (pd) is a corporation with very little asset. ...contemplating filing 7. The pd received ud from the landlord recently and ud trial date is set later this month. Ch11 is not an option for the pd. Pd wants tooutstanding trust taxes, eg, sales and payroll, etc.. Advised the pd that upon filing corp ch7, the debtor can no longer stay in business and needs to close down the business immediately. Any thoughts on this.
Teri Lim, Esq. Law Offices of Miyun Teri Lim 3701 Wilshire Blvd. Ste. 1025Los Angeles, CA 90010 (213)389-3557(Office) (323) 927-3623 (Fax)
-- Giovanni Orantes, Esq. Orantes Law Firm, P.C.3435 Wilshire Blvd. Suite 1980Los Angeles, CA 90010Tel: (213) 389-4362Phone: (888) 619-8222 x101Fax: (877) 789-5776
e-mail: go@gobklaw.comwebsite: www.gobklaw.comWE ARE A "DEBT RELIEF AGENCY" AS DEFINED BY FEDERAL LAW.SERVING BAKERSFIELD, LOS ANGELES, ORANGE COUNTY, RIVERSIDE, SAN BERNARDINO AND SANTA BARBARA.
Note: The information contained in this e-mail message is confidential information intended only for the use of the individual or entity named. If the reader of this message is not the intended recipient or an agent responsible for delivering it to the intended recipient, you are hereby notified that any dissemination, distribution or copy of this communication is strictly prohibited. If you have received this communication in error, please immediately notify us by telephone or e-mail and delete the original e-mail IRS Circular 230 Disclosure: In order to comply with requirements imposed by the Internal Revenue Service, we inform you that any U.S. tax advice contained in this communication (including any attachments) is not intended to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing, or recommending to another party any transaction or matter addressed herein.
The post was migrated from Yahoo.
Dear Listmates,
Potential debtor (pd) is a corporation with very little asset. ...contemplating filing 7. The pd received ud from the landlord recently and ud trial date is set later this month. Ch11 is not an option for the pd. Pd wants to file ch7 to stay in the mall little longer so that pd can pay off some outstanding trust taxes, eg, sales and payroll, etc.. Advised the pd that upon filing corp ch7, the debtor can no longer stay in business and needs to close down the business immediately. Any thoughts on this.
Law Offices of Miyun Teri Lim
3701 Wilshire Blvd. Ste. 1025
Los Angeles, CA 90010
(213)389-3557(Office) (323) 927-3623 (Fax)
Dear Listmates, Potential debtor (pd) is a corporation with very little asset. ...contemplating filing 7. The pd received ud from the landlord recently and ud trial date is set later this month. Ch11 is not an option for the pd. Pd wants to file ch7 to stay in the mall little longer so that pd can pay off some outstanding trust taxes, eg, sales and payroll, etc.. Advised the pd that upon filing corp ch7, the debtor can no longer stay in business and needs to close down the business immediately. Any thoughts on this. Teri Lim, Esq. Law Offices of Miyun Teri Lim 3701 Wilshire Blvd. Ste. 1025Los Angeles, CA 90010 (213)389-3557(Office) (323) 927-3623 (Fax)
The post was migrated from Yahoo.