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Well yes & no.
It is the type of thing a trustee would likely be in favor of, especially if it has some thought put to it.
However, he would probably be against you taking on any new debt personally. So depending on the structure, he may have a problem with your doing so.
In either case, you must prersent any changes in your financial situation, which this would qualify as, and cannot take on any new debt, without his approval first, ot your in risk of having your case dropped and contempt or even fraud charges brought.
What else can I help you with?
Should you start a new business if im going to file chapter 7 bankruptcy?
can I start a new business if I'm going to file chapter 7 on my personal debt?
Refile chapter 7?
How soon after filing Chapter 7 Bankruptcy, can you file either Chapter 13 or Chapter 7 Banruptcy again?
Is Bally's total fitness filing bankruptcy?
Yes, they are filing Chapter 11 bankruptcy protection with a restructuring agreement that allows them to raise $77.5 million in new cash.
How soon after filing chapter 13 can you hope to buy a home?
The best time to purchase a new home after filing for Chapter 13 bankruptcy depends on how long your bankruptcy will be. If you have your payments on a five year plan, then you may have to wait a little longer.
When should you start a new chapter in a book?
On a Monday
If you are filing personal chapter 7 bankruptcy can you get a business credit card for a newly formed LLC which does not have any assets yet?
New businesses are infrequently able to get credit on their own (without a qualfied personal quarantee by the owner) for about 5 years.
If You Filed chapter 7 in 2002 can i refile?
Under the new Bankruptcy laws you must now wait 8 years before filing another Chapter & or Total Bankruptcy as it is better know. You may be eligible to file if eligible a Chapter 13 to structure repayment to those creditors.
After filing chapter 13 can you change it to a chapter 7?
Before the new laws it was easier to convert. Depending on your ability to pay back your creditors. Please contact your attorney if you are having problems paying back you chapter 13.
What is the difference between a Chapter 7 and a Chapter 11 business bankruptcy filling?
In Chapter 7 bankruptcy, assets of a business are sold to help pay back their debts. In Chapter 11, businesses can keep their assets and try to negotiate new terms with their creditors.
Can you refile chapter 13 bankruptcy under the new bankruptcy law after your case was dismissed to avoid foreclosure?
A chapter 13 can be filed if it has been at least two years from the date the first filing was dismissed.
Can you start a business in New Caledonia?
you can start with a shop on eBay
Can you finance a car during filing of chapter 7 new york state?
Bankruptcy is a federal action in a federal court, whether in New York State or elsewhere. You cannot get a loan while in a Chapter 7. No creditor will lend to you until you have received your discharge.
