Legal Question in Bankruptcy in California

Re: C7 bk

You need to consult with a qualified bankruptcy attorney. The facts you give do not make sense - why is there a home, furnishings and "play toys" in a coporation? If you contributed these assets to a corporation, and you control the corporation, the Trustee can probably make an argument that the corporation is just a sham to avoid creditor attachment of assets. Who paid for these assets? Do you live in the home, and enjoy the use of the furniture and toys? Who is the obligor on the loan on the home - the corporation? You need to thoroughly review this with a consumer bankruptcy attorney because based solely on the slim fact set presented in your post, I would have to say that you have got some very serious issues with respect to potential bankruptcy fraud/abuse if you fail to list the corporation and its assets.

*Due to the limitations of the LawGuru Forums, The Gibbs Law Firm, APC's (the "Firm") participation in responding to questions posted herein does not constitute legal advice, nor legal representation of the person or entity posting a question. No Attorney/Client relationship is or shall be construed to be created hereby. The information provided is general and requires that the poster obtain specific legal advice from an attorney. The poster shall not rely upon the information provided herein as legal advice nor as the basis for making any decisions of legal consequence.