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operating business in Ch. 7
I know debtors cannot operate a "business" in a chapter 7 case, but
as we all know, in many personal service type cases Trustees look
the other way.
Assuming a debtor has adequate insurance, do you see any reason
why a Ch. 7 Trustee would not allow him to continue operating a
self-employed courier business? I have a client whose debt load
will probably not allow him to do a Ch. 13; a Ch. 11 would be too
expensive, and he qualifies for Ch. 7, but he can't lose his only
source of income, which is his courier business (with two existing
clients).
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Mark J. Markus
Law Office of Mark J. Markus
11684 Ventura Blvd. PMB #403
Studio City, CA 91604-2652
(818)509-1173 (818)509-1460 (fax)
web: http://www.bklaw.com/
This Firm is a Qualified Federal Debt Relief Agency (see what this
means at
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If he is running around town on his own without employees that is more
of a profession than a business. If he has employees and the business
is shut down, then it can be shut down, but he cannot be prevented from
starting up a new business, even in competition to the old.
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