Legal Question in Bankruptcy in Georgia
bankruptcy
My contracing company has lawsits, and i am personal garenty. I am about to lose all of the houses that the company has built that would have paid the suits off. Now that I dont hane the company any more, what will happen with the law suits. Can I keep my house? I have alot of equity in it. Should I fill bankrupt or try to ride it out now?Please help what do I do?
1 Answer from Attorneys
Re: bankruptcy
Without seeing all your numbers I can't advise you, but if you "ride it out" and get sued, your creditors are free to pursue your home and other assets. A bankruptcy may help, and, if your equity is too big, a chpater 13 might be a possibility. If you are in metroa Atlanta get a free worksheet at www.glenashman.com and I'll be glad to review your options.
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