Posted on: 21st May, 2010 12:57 am
Thanks for the reply .
Can the bk trustee sell my business in a chapter 7 to pay back creditors and leave me and my family high and dry and unable to feed my family?
Can the bk trustee sell my business in a chapter 7 to pay back creditors and leave me and my family high and dry and unable to feed my family?
If you do not include the business in your bankruptcy filing, then the trustee will not be able to sell it off to satisfy your creditors.
Hi,
The bank can only sell off your property if you mention that in the bankruptcy. As you have not mentioned whether you have included your business in the bankruptcy or not it is not possible to give proper answer to your question. I will suggest you to consult with a good attorney to get detailed information.
The bank can only sell off your property if you mention that in the bankruptcy. As you have not mentioned whether you have included your business in the bankruptcy or not it is not possible to give proper answer to your question. I will suggest you to consult with a good attorney to get detailed information.