This is a no asset case---medical corp. with $0 liquidation value (debts
exceed assets), no real estate, non-retirement personal assets under $25K.
Struggling practice with doctor clearing less than $3k/month.
Clifford Bordeaux
Bordeaux Law, P.C.
790 E. Colorado Boulevard, 9th Floor
Pasadena, CA 91101
T: 626-405-2345 / F: 626-628-1820 E:
cliff@bordeauxlaw.com
On Tue, Jan 28, 2014 at 12:55 PM, Dennis McG wrote:
>
>
> Cliff:
>
> Beezley only applies if there are no assets to be distributed. Is the
> doctor's total a/r below the grubstake/wildcard exemption? Does the Doctor
> have no home, or no equity in home so that he can use the grubstake?
>
> d
>
>
> On Mon, Jan 27, 2014 at 10:32 AM, wrote:
>
>>
>>
>> I am nearly ready to file a Ch 7 case for an OBGYN. Doctor has lots of
>> debts, but is filing, in part, because malpractice premiums have
>> skyrocketed. Doctor is not being sued by anyone and is not aware of any
>> potential lawsuits brewing, but wants to be sure that any potential claims
>> would be discharged. Doctor was told (by another Doctor) that receipt of a
>> Chapter 7 discharge would greatly reduce future malpractice insurance
>> premiums.
>>
>> Is it necessary (or a best practice) to list everyone on the doctor's
>> patient list (there are hundreds), even though doctor is unaware of any
>> specific claims? Or is it sufficient, since doctor is not aware of any
>> actual claims, to just rely on Beazley if any former patients later try to
>> assert a claim?
>>
>>
>
>
This is a no asset case---medical corp. with $0 liquidation value (debts exceed assets), no real estate, non-retirement personal assets under $25K. Struggling practice with doctor clearing less than $3k/month.
Clifford BordeauxBordeaux Law, P.C.790 E. Colorado Boulevard, 9th FloorPasadena, CA 91101T: 626-405-2345 / F: 626-628-1820 E:
cliff@bordeauxlaw.com
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