Legal Question in Bankruptcy in Florida

Asset protection

My wife and I are considering filing bankrupcy. My wife and I a number of unsecured credit cards. Some of the credit cards were made out to the business name and personaly to my wife or myself. Can a credit card company legally go after business assets owned by the corporation?

If so how can I protect these assets?

Thanks,

RF


Asked on 4/16/02, 4:38 pm

1 Answer from Attorneys
Alexander M. Rosenfeld Rosenfeld & Stein, P.A.

Re: Asset protection

What you need to do is look at the big picture. Assets cannot be compartmentalized. In bankruptcy disclosure is vital to success. You need consult with competent counsel.

After judgment, the creditor can reach all non-exempt assets.

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Answered on 4/16/02, 5:18 pm


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