Legal Question in Credit and Debt Law in New York

Re: Conversion/Mechanic's Liens/Prison Time

Suggest you stop taking legal advice from bill collectors. Why are you even talking to them at all?

Nothing they told you makes any sense. You may be a prime candidate for a Ch. 7 bankruptcy. I am assuming that all the debts here are personal and are not debts of the business. If your business is not incorporated, the next one should be.

Suggest you act quickly on the bankruptcy, BEFORE the law changes and the process becomes unbelievably difficult.

For more information, please visit my web site:

www.BravermanLawFirm.com

Re: Conversion/Mechanic's Liens/Prison Time

I do not practice bankruptcy law. Therefore, I think you should seek advice from a bankruptcy attorney. Your local bar association will provide help for any type of referral.

Mike.

Re: Conversion/Mechanic's Liens/Prison Time

The fact that you used your credit cards for a business is not illegal. Nor is conversion a crime. Under the Fair Debt Collection Practices Act, a debt collector can not make untrue statements about an unpaid debt. You might consider contacting an attorney to start a suit for unfair debt collection practices.

Further, mechanics liens are not available in this situation. If someone you did work for did not pay, then you would be able to put a mechanics lien on their home. But people who a contractor owes money to, other than a health and benefit fund, are not entitled to use the mechanics lien law. Like I said previously, you should consider filing suit for illegal collection efforts.

I usually don't recommend bankruptcy, but in this situation, it may be your best alternative.