Legal Question in Bankruptcy in Nevada
Will I lose my business?
My husband is a teacher in Nevada and I own a small consignment shop in Kansas. We will file jointly. I am not sure which state, although we do own a house in KS. He retires in 6 months and will have only his retirement money. Will I be able to keep my small consignment shop or will they close it down and sell the inventory that is mine?
1 Answer from Attorneys
Re: Will I lose my business?
Keeping the underlying purpose of bankruptcy in mind: affording the debtor a second chance, it would depend upon the chapter of BR you intend to file. Do you require the income from your business to survive? These are questions you need to discuss with legal counsel who regularly prepares bankrupty petitions. . .there are several options which you should address and tailor to your needs.
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