Legal Question in Bankruptcy in California

Can I sell my sole proprietor business after filing a chapter 7 and after the meeting of the creditors and still keep the money from the sale.


Asked on 5/27/14, 10:18 pm

2 Answers from Attorneys
Mark Markus Law Office of Mark J. Markus

Sure, as long as you properly listed and valued all the assets of your business (including its goodwill and intangible assets) in your bankruptcy papers.

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Answered on 5/27/14, 11:04 pm
Charles Andersen Charles Andersen, Atty

You should probably wait until the trustee abandons the estate interest in the property. Also be carefull that you are not doing anything inconsistent with your representations in the bankruptcy case. http://www.absolutebankruptcy.org

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Answered on 5/28/14, 8:54 am


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