Bankruputcy
Date: Wed, 05/26/2010 - 12:11
I have lot of business and personal credit card debt I sold my business and pay outstanding debts but stiil owe a lot.out business sale proceeds paid some money to relatives which I borrowed from them. my attorney advice me not make any payment for credit card debts and file bankruputcy 1 year afom the date of sale. Is it good advice? what are hassle waiting that long
he is an attorney and if a bankruptcy specialist should know wha
he is an attorney and if a bankruptcy specialist should know what he is talking about. Paying your relative after liquidating your business would be seen as a preferential payment and if you file too soon, he could be forced to return it. \
