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Hypothetical situation - bankruptcy
Asked on May 12, 2018 ,  1 Answers

Hypothetical situation for NY state, US. A woman founds a company selling TVs and seeks investment promising great returns. A colleague invests in her. The woman pockets the money and declares bankruptcy. In which case it will be a civil case, and in which a criminal?

# 4,501
I collaborated on a book with a client for two years. Now she filed for bankruptcy and says our contract is cancelled.
Asked in Phoenix,  AZ May 10, 2018 ,  2 Answers

I have 30 years of experience in writing, editing and publishing. I live in Phoenix. The client, who resides in North Carolina, contacted me to help her write her memoirs. They are fascinating. The manuscript was completed in February 2018 and we were actively seeking an agent or publisher until two...

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Hello. I would like to know if a video games Early Access statement can be considered a contract?
Asked in Tallahassee,  FL Apr. 30, 2018 ,  2 Answers

Their Statement on the games store page(https://store.steampowered.com/app/461430/EmergeNYC/) read as such: "You are solely purchasing the right to access the latest development build (and additional features based on your level)." (full statement viewable at the link. Too big to post here) Do they ...

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What if tenant in retail space declares bankruptcy and is being evicted? How do you evict them? (
Asked in Charlotte,  NC Apr. 23, 2018 ,  2 Answers

Judge granted for judgement of possession (ruled in our) favor but tenant filed for bankruptcy on the 10th day (last day to appeal). Can I still file for a writ of of possession to remove from the property? (I know bankruptcy creates automatic stay but he filed after the judges ruling but before the...

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filed ch.13 now having hard time paying. if I had filed just regular bank. could a lien be put on life use of home
Asked in Candor,  NY Apr. 16, 2018 ,  1 Answers

Live in Croghan ny in live in life estate home my dad held deed he has since passed, do I own home now and court woud put lien on it I'm disabled and live on 750.0 and with me paying taxes that, 150;00 the court agreed on is getting hard and for that I wonder why my lawery did not file complete bank...

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Just received confirmed Ch 13.plan and BK atty won't definitively answer questions regarding what is allowed now
Asked in Ocala,  FL Apr. 08, 2018 ,  1 Answers

Specifically, I am limited to 10k monthly income. Can I have an S Corp that retains earnings such that my 1040 income remains at 10k? Can I buy a home? Don't own one.

# 4,506
Can a company avoid fraud charges and avoid paying back victims by filing for Chapter 7 Bankruptcy?
Asked in San Francisco,  CA Mar. 20, 2018 ,  1 Answers

A company named ASAP (American Standard Auto Protection) Auto Warranty was created as a fake company that advertised aftermarket auto warranties. They are filing for Chapter 7 Bankruptcy on April 6, 2018 in Brooklyn NY (not sure if this is the bankruptcy court date). Will the bankruptcy allow them t...

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Is a spousal guarantee on a loan enforceable if the spouse never benefited from the loan?
Asked in Charlotte,  NC Mar. 07, 2018 ,  1 Answers

Wife signed a 100K loan as a spousal guarantee. Husband later filed bankruptcy, wife did not. Complaint filed against spouse (wife) for repayment of the $100K. The $100K went to a company in the husbands name where the wife has no owner interest, is not an officer nor employee. Can this be interpret...

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How can I get a copy of a land contract that isn't filed from some one who won't give it to me?
Asked in Prestonsburg,  KY Feb. 26, 2018 ,  1 Answers

I need a copy of a land contract my name is on for bankruptcy. My ex-wife and the land owners are family and will not give me a copy.

# 4,510
In a Bankruptcy, are money's held by a business owed to an investor paid 1st or 2nd to levies for back taxes to NJ?
Asked in Blacksburg,  VA Feb. 23, 2018 ,  1 Answers

I gave money to a car dealership in 2016. since then, the state imposed a levy on the business for back taxes (incurred 2005). The business has cash that is due me (from car sales). But accounts are locked up by lean/levy. will the accounts get released (so i can get my cash) if he files for Chapter...

# 4,511
Hi....I'm filing for chapter 7 bankruptcy. I am a musician.and need to file and intent to use service trademark for my
Asked in Huntington Beach,  CA Feb. 21, 2018 ,  1 Answers

band's name. Will this trademark be part of the bankruptcy. I was told there are some rules with Trademarks and bankruptcy

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Bankruptcy or credit card question. Can I be arrested for not paying creditors?
Asked in Louisville,  KY Feb. 19, 2018 ,  1 Answers

Disabled senior citizen can't pay off credit card debt and need to file bankruptcy. I was told because I receive SSI, have no savings or checking account, own no property, no life insurance, on fixed income there would be no need to file bankruptcy. I closed accounts and destroyed credit cards. I ca...

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How can I start a business online with 50 people from around the world?
Asked on Feb. 17, 2018 ,  1 Answers

Live in Toronto, Canada. Founded an independent video game studio communicating online and file-sharing. Many are in USA, but people help from countries all over Earth. "Staff" information is together, but I wonder what is possible in terms of a company. We create intellectual property and need non-...

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My boyfriend rented an apartment and signed a lease ...I live with him but not on the lease ...I never signed lease
Asked in East Liverpool,  OH Feb. 13, 2018 ,  2 Answers

The landlord is evicting us both...my boyfriend filed Chapter 7...so now Landlord is filing to make me pay...Because I’m not in bankruptcy ...what will happen?...will this effect my credit ?...will I have to pay back rent?

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How can I get another attorney due to attorney hired not responding and judge is demanding attorney and won't assign PD
Asked in Monee,  IL Feb. 13, 2018 ,  2 Answers

I hired an attorney for a DUI case, i was making monthly payments and he always showed up for court. I made final payment in December, attorney did not show up for january or feburary court date. on february court date asked judge for public defender judge says he can not assign public defender unle...

# 4,516
Are Florida corporate bankruptcies filed in State or Federal Court?
Asked in Clayton,  NC Feb. 11, 2018 ,  2 Answers
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# 4,517
what is the right to subrogation in court
Asked in Stockton,  CA Feb. 08, 2018 ,  1 Answers

# 4,518
Contracted broker hired noninsured carrier to transport in agreement states any carrier to be insured
Asked on Feb. 08, 2018 ,  1 Answers

My shipment hasn't arrived and now find out the carrier the broker hired had no insurance. Also in terms of agreement any court proceedings were to be handled under Florida law. I'm in Montana. Any suggestions please thank you

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FL Chap 11 - if secured creditor cram down occurs do professional fees have to be paid 100% if they don’t agree to plan?
Asked in Fort Lauderdale,  FL Feb. 07, 2018 ,  1 Answers
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If a cram down plan reasonably caps professional fees, are they (attorneys, accountants etc) obliged to consent? If they object, what happens? Is there a way for an investor protect themselves from unreasonable professional fees in a cram down? Thank you for your time.

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