.jpg)
Attorney as Debtor - will Ch 7 trustee make sole prop atty close business?
So far I have not had a Chapter 7 trustee ask any sole proprietor client to
shut down his/her business when they file chapter 7 since in all such cases
I've had, the debtors were operating very small solo businesses, such as a
beautician, a mechanic, or a home business of some kind. I am filing a
chapter 7 for a sole proprietor attorney soon and am wondering whether a
Chapter 7 trustee in the CDCA would be likely to shut him down for the
duration of the Chapter 7 case? There are receivables we can't exempt
which the trustee may want to go after (though their collectibility is
doubtful), so this case *may* be an asset case.
What do you think?
Holly Roark
holly@roarklawoffices.com
www.roarklawoffices.com
Central District of California
Consumer Bankruptcy Attorney
1875 Century Park East, Suite 600
Los Angeles, CA 90067
T (310) 553-2600
F (310) 553-2601
So far I have not had a Chapter 7 trustee ask any sole proprietor client to shut down his/her business when they file chapter 7 since in allsuch cases I've had, the debtors were operating very smallsolo businesses, such as a beautician, a mechanic, or a home business of some kind. I am filing a chapter 7 for a sole proprietor attorney soon and am wondering whether a Chapter 7 trustee in the CDCA would be likely to shut him down for the duration of the Chapter 7 case? There are receivables we can't exempt which the trustee may want to go after (though their collectibility is doubtful), so this case *may* be an asset case.
What do you think?Holly Roark
holly@roarklawoffices.com
www.roarklawoffices.com
Central District of California
Consumer Bankruptcy Attorney
1875 Century Park East, Suite 600
Los Angeles, CA 90067
T (310) 553-2600
F (310) 553-2601
The post was migrated from Yahoo.