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Filing a Chapter 7 Corp vs 501c3

Posted: Mon May 02, 2011 6:42 pm
by Yahoo Bot

I seem to recall there being some requirement that the assets can only
go to another 501c3.........

The post was migrated from Yahoo.

Filing a Chapter 7 Corp vs 501c3

Posted: Mon May 02, 2011 3:27 pm
by Yahoo Bot

Hello Listserve:
Would anyone know the difference between filing a regular chapter 7 for a business (an elementary school) vs filing a 501c3?
What about liquidating the assets before we file such as resource books, musical instruments, tables and chairs and the sort?
Thank you,
Jan P. Quaglia

The post was migrated from Yahoo.