Legal Question in Bankruptcy in Maryland
bankrupty under sub-corporation
no new lease to be given-prevents selling business-debt of business $75,000 plus business owes owners $20,000.+ - sub corporation - after all is pd monthly still in hole of $4,000 don't know what to do except to file for bankruptcy what do i do?
2 Answers from Attorneys
Re: bankrupty under sub-corporation
Bankruptcy might only make sense if you plan to keep the corporation going. If it is shutting down, maybe all you need to do is close the doors. I cannot answer specifically without more detail.
Olivier Denier Long, MD Bar Member
Telephone: 703-591-1600
Olivier Long
Law Offices of Olivier Denier Long
10500 Sager Avenue, #B
Re: bankrupty under sub-corporation
Bankruptcy may be an option, but there may be other possibilities, depending on your personal guarantee of corporate obligations. Why don't you give me a call at (301) 924-4400 and we can discuss what you might be able to do.
Brett
Brett Weiss
Brett Weiss, P.C.
18200 Littlebrooke Drive
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