Chapter 7 Personal BK with a Corporation
Posted: Mon Jun 29, 2015 1:26 pm
Reply-To: David Workman
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To: cdcbaa@yahoogroups.com
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The corporation is a separate entity and can continue to operate. If debtor is sh/hr, then it is an asset like anything else. If there is no value, I can't imagine the Trustee is going to do anything.
J. Workman
Law Offices of David J. Workman
California Bank & Trust
21515 Hawthorne Blvd., Suite 1150
Torrance, CA 90503
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On Monday, June 29, 2015 12:59 PM, "Shannon Doyle sdoyle@ebankruptcyassistants.com [cdcbaa]" wrote:
gative income. Debtor funds the negative income with her SSI and pension. Can the trustee force debtor to close the corp? What is the typical scenario where a chapter 7 trustee will force a debtor to close a business?
| Shannon A. Doyle Attorney | Virtual Bankruptcy Assistant Phone: 855-378-4080 Fax: 562-249-8435 |
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