Legal Question in Bankruptcy in California

I filed a Ch13 recently. Currently unemployed. Someone asked me if I was interested in partnering with him on a business. I will get a small salary for running the sales/operations and commission (if any). Will going into the business affect my BK? Concerns...what happens to me when the company does not make money or partner decides to pull out?


Asked on 1/24/10, 9:02 pm

2 Answers from Attorneys
Elizabeth Karnazes New York Offices of Elizabeth Karnazes

it can call your bankruptcy attorney

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Answered on 1/30/10, 2:26 am
Brian D. Lerner Law Offices of Brian D. Lerner, A Professional Corporation

Hello:

I am not certain how you are filing Chapter 13 if you are unemployed. If the Chapter 13 Plan ends up not being feasible, then the Bankruptcy Judge will dismiss the case at the Confirmation Hearing.

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Answered on 2/04/10, 12:31 pm


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