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You can start a new business right away, although you might find it difficult to get financing until your case has been discharged or dismissed.

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โˆ™ 2005-10-24 12:44:40
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Q: How long do you have to wait after filing Chapter 7 bankruptcy in California to start a new business?
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Related questions

Can you own your own business while going through bankruptcy?

Depends on the type of bankruptcy you are filing. Generally a personal bankruptcy does not effect your business, and vise versa. However, if your business is filing bankruptcy, a Chapter 11 reorganization will allow you to stay in business.


In a Chapter 7 bankruptcy a person filing for relief is called a?

In a Chapter 7 bankruptcy, a person filing for relief is called a


Does income count AFTER you file chapter 7 bankruptcy?

A person's income does not count after filing chapter 7 bankruptcy. All that counts is what you had before filing bankruptcy.


What Year did Pan American airlines go out of business?

It went out of business in 1991 after filing for bankruptcy. After the Lockerbie disaster of 1988, Pan Am went into a steep decline, eventually leading to filing for Chapter 11 Bankruptcy.


Can you change your bankruptcy filing from Chapter 13 to Chapter 7?

can you change your filing from chapter 7 to chapter 13 ?


After filing bankruptcy how long before it is final?

Personal? Business? Chapter 7? 11? 13?


What is a consumer bankruptcy?

Consumer bankruptcy is bankruptcy that is filed by the individual who is in debt mostly due to consumer good. This is opposed to a business or corporation filing for bankruptcy. There are two types of bankruptcy which an individual/consumer can file under: Chapter 7 and Chapter 13.


What is the advantage of filing a Chapter 11 bankruptcy?

The advantage to a Chapter 11 filing is that the debtor is permitted to remain in possession of the entity, which is especially important in business filings since the debtor may continue to operate the business.


How long do you have to wait to file bankruptcy after last bankruptcy?

You have to wait eight years after filing for Chapter 7 and 4 after filing for Chapter 13.


What can be done to attain employment at 60years old after filing chapter 7 bankruptcy What if there is reasonable reason for filing chapter 7 Could the reason for bankruptcy be told to the employer?

How to get after job filing chapter 7 bankruptcy once it appears on the credit report


What is a chapter 13 lawyer good at?

A chapter 13 lawyer is good at filing for bankruptcy for their client. A bankruptcy lawyer can help you find the best financial path after filing for bankruptcy.


What happens if you wreck your car after filing for Chapter 13 bankruptcy?

If you wreck your car after filing for Chapter 13 bankruptcy you can file it on your insurance. You can then replace your car based on the bankruptcy order.


What is the reason one would have to apply for a Chapter 11 filing?

One of the reasons that someone would have to apply for a Chapter 11 filing would be for bankruptcy or reorganization of a company. This filing is available for any business regardless of size.


If planning to file chapter 7 bankruptcy California when is the time to voluntarily give back vehicle?

Ask the attorney that is filing your Chapter 7 case.


Does a chapter 13 bankruptcy filing stall foreclosure?

Yes. It is the most common reason for filing a chapter 13.


Can you file a chapter thirteen bankruptcy four and a half years after a chapter seven?

Yes, there are no time limits for filing a Chapter 13 bankruptcy.


Will chapter 7 bankruptcy stop a foreclosure in California?

Yes, temporarily. Filing for bankruptcy protects your from collection actions taken by your creditors, including foreclosure during the proceedings.


A Chapter 13 bankruptcy filing is called a?

reorganization


Can you vote after filing chapter 7 bankruptcy?

Yes you can.


What does it cost in legal fees when filling chapter 7 bankruptcy?

The cost of filing fees in a Chapter 7 bankruptcy will vary with each state. On average, the filing fees are about $300.


In order to file bankruptcy must you have a bankruptcy attorney?

If you are filing for personal bankruptcy it is not necessary to have a lawyer. If you are filing for business bankruptcy, you must retain a lawyer on your behalf.


Can you file both a chapter 7 and a chapter 13?

Believe it or not, the ploy is called a Chapter 20! A so-called "Chapter 20" bankruptcy is the process filing of a "Chapter 7" bankruptcy to discharge unsecured debts, followed by a "Chapter 13" bankruptcy to allow the debtor to catch up on mortgage payments. The 2005 Bankruptcy Reform Act attempts to limit "Chapter 20" bankruptcies by imposing limits on the filing of successive bankruptcies. Under current bankrupcy law a Chapter 13 bankruptcy may be filed only once every two years, and three years must pass after the filing of a Chapter 7 bankruptcy before a Chapter 13 filing. Some debtors attempt to circumvent this restriction by filing for Chapter 13 protection while the Chapter 7 petition is still pending. That option is not available in all courts. In a "Chapter 20" bankruptcy, debtors should be aware that missing even one mortgage payment after filing the initial "Chapter 7" petition may cost them their ability to save their home in a subsequent "Chapter 13" filing.


What does Bankruptcy Code refer to?

The Bankruptcy Code refers to a business filing bankruptcy. If a business is unable to pay it's debt or pay it's creditors, the business or it's creditors can file bankruptcy. Upon filing bankruptcy, the business ceases operation, a trustee sells the assets, and then gives the proceeds to it's creditors.


Can you change jobs after filing chapter 7 bankruptcy?

Yes


Will you get your tax refund if you file for bankruptcy?

Whether you are entitled to your tax refund will depend on what type of Chapter of bankruptcy you are filing and whether the bankruptcy exemptions can be used to protect the tax refund. If you are filing for Chapter 7 bankruptcy then you can generally keep the refund if the available state bankruptcy exemptions provide protection for it. If you are in a Chapter 13 bankruptcy you are typically required to turn over the tax refunds during the life of the Chapter 13 case.