Any ethical issue with filing a 13 that can't be confirmed? Also, CH 11 referral
Posted: Thu Jul 29, 2010 10:40 am
Potential new client wants to file a 13 to stop a foreclosure even though she is over the secured debt limit. Sh understands she won't be confirmed but she wants to buy more time to work out an arrangement with the lender and/or file a Ch 11. Is it permissable to file under those circumstances? How do the judges react to that?
Also, the debtor has a home loan of 1,300,000 and a building for her business worh 300k. I am trying to find her an attorney for an 11. Her home goes for sale 8/2. I assume that is not enough time for an 11 to get prepared?
Thanks,
Shawn
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