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?


Asked on 4/16/99, 8:22 am

2 Answers from Attorneys

Olivier Long Law Office of Olivier Denier Long

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


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Answered on 4/20/99, 7:50 am
Brett Weiss Brett Weiss, P.C.

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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Answered on 4/19/99, 11:17 pm


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