Considering BK. But not sure if I will lose my business.
Date: Wed, 01/06/2010 - 21:11
I don't have an official business (not registered). I'm one of those young adults that run websites and make money doing web design and web administrating. I just call it a business because I am self-employed. I make about 1.5k a month...use to do better but now the economy is so bad and i racked up so much cc dept that I can't manage it anymore. I have 35k, and 2k government dept. I don't want to lose my "business". Will my creditors take it away? I been working on it since I was 16. Now 25. If i filed bankruptcy, chap 7, it takes 10 years right to restore my credit? I'm not worried about that was long as i can keep my business.
You can check the exemptions available in Oregon in the followin
You can check the exemptions available in Oregon in the following link.
"http://www.bankruptcyinformation.com/OR_exemp.htm"
You need to consult a bankruptcy lawyer for more details.
Do businesses even if not registered get sold off to creditors i
Do businesses even if not registered get sold off to creditors if you file bankruptcy? Does anyone have any experience with this?