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What happens to a corporation after a bankruptcy discharge?
EncofBizandFinance
Partnerships and corporations must liquidate under state law before or on completion of the proceeding.
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∙ 13y ago
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If your company declares bankruptcy does this discharge your guaranty?
If the company is a corporation and you personally guaranteed the debt, the corporation's discharge of its debts does not discharge your obligation. If the company is you as a "DBA" then more than likely the discharge of the DBA (doing business as) discharges your personal guarantee.
What happens when a creditor doesn't file a proof of claim in a bankruptcy case?
If it is not a secured debt it will be included in the bankruptcy discharge.
What happens to your liens if you discharge IRS debt in bankruptcy?
The liens survivie the BK.
Can a non-profit file bankruptcy?
If it is a corporation, it can. Like all corporations, it cannot receive a discharge under Chapter 7. Most bankruptcy lawyers, if the corporation will not benefit from a Chapter 11, would probably not recommend bankruptcy for the corporation, but the organization should discuss this with an experienced local bankruptcy attorney.
What happens to an incomplete bankruptcy filing if the filer dies before its completion?
The filer has to be in person for the 341 meeting so the bankruptcy would be dismissed. A bankruptcy may still be discharged if they are just waiting on the judge to discharge the bankruptcy.
What happens to a bankruptcy when someone dies?
An administrator or executor of the estate needs to be appointed and file an appearance in the bankruptcy court. The case can continue to discharge of debts of the deceased. Get an experienced bankruptcy lawyer if there no attorney of record.
Where can you get your bankruptcy discharge paper?
In most cases it will be sent to you by the bankruptcy court. If you need another copy or have not received your discharge papers when you believe you should have then contact the bankruptcy court to obtain them.
After Chapter 7 bankruptcy has been Discharge can buy a home?
After Chapter 7 bankruptcy has been Discharge can buy a home
Did Deltona Corporation file bankruptcy?
No they never did file for bankruptcy
what happens when a truste appose your bankruptcy?
If a trustee opposes your bankruptcy, it means that they do not believe you should be granted discharge of your debts and, as a result, you might not be able to go bankrupt, if the trustee's position prevails.
Can you fiance a house after bankruptcy?
Yes, 3 years after discharge of the Bankruptcy.
In bankruptcy what is the difference between release forms and discharge forms?
what is the difference between release forms and discharge forms in bankruptcy law..
