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can I start a new business if I'm going to file chapter 7 on my personal debt?

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16y ago

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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.


What companies will underwrite homeowners insurance while under bankruptcy?

What company will insure you when in chapter 13 if you home is not covered in the bankruptcy. If you have current insurance and the company is going out of business.


Is Six Flags in St. Louis really going out business?

No, Six Flags filed for Chapter 11 bankruptcy rather than Chapter 7. Chapter 11 bankruptcy is filed so that a company can restructure it's debt, eliminating much of it, and come out a stronger company. They may close some under performing parks or sell them to another corporation but the parks should remain open in the meantime.


Is Six Flags going to close due to Bankruptcy?

No, Six Flags filed for Chapter 11 bankruptcy rather than Chapter 7. Chapter 11 bankruptcy is filed so that a company can restructure it's debt, eliminating much of it, and come out a stronger company. They may close some under performing parks or sell them to another corporation but the parks should remain open in the meantime.


Is hostess brands going out of business in the future?

The parent company is in bankruptcy and it is possible that they will go out of business.


Can you be current on your credit cards and file chapter 13?

Yes. But in California, you can not have more than ~$330,000 of unsecured debt if you are going to file for Chapter 13. Check your local bankruptcy rules to see if you qualify for chapter 13 bankruptcy based on your debt.


What bankruptcy should you file?

The type of bankruptcy that you file all depends upon your personal case. If you have little in the way of assets and a lot of unsecured debt, then Chapter 7 is likely going to be the Chapter to file. If you are trying to save a home from foreclosure or reorganize other types of debt, then Chapter 13 would be your best choice. Consult with an attorney to make certain you are filing the proper Chapter for your particular case.


Is 'Orchestra Therapeutics Inc' going into bankruptcy?

Yes Chapter 7 (Liquidation) 10/16/2008.


If inder chapter 13 and a new bill from current is going for a law suit can it be added to the chapter 13?

Question is unclear but - any debts which you incurred before bankruptcy filing but were not presented until AFTER your bankruptcy petition is accepted, are subject to the bankruptcy. HOWEVER - after the bankruptcy has been filed, you may NOT go out and incur NEW debt. Any newly incurred debt will NOT be protected by the bankruptcy shield.


What should I do if you have a on going workmans comp case and your employer files Chapter 11 Bankruptcy?

File away; worker's comp cases may be the kind of debt the company must pay regardless of their chapter 11 status. Ask your attorney handling your case.


How long does it take to complete a Chapter 13 bankruptcy?

when i was in chapter 13 i was in for four years. it go by how much you pay a month and how long it take to pay the loans back. ask your lawer they should have gave you paper work showing you step by step whats going on and how long your be in.


What is the definition of a Chapter 11 filing?

This means that a company is on the verge of bankruptcy and if something in the company doesn't change, that there is a definite chance of going bankrupt.