Legal Question in Credit and Debt Law in Texas
collection after filing company loss
have filed bankruptcy for my business. they are wanting more money from creditors. can they take my money left to me from my parents? thanks
Asked on 2/01/02, 8:58 pm
1 Answer from Attorneys
Peter Bradie
Bradie, Bradie & Bradie
Re: collection after filing company loss
Depends on whether the business was a corporation or a sole proprietorship. And if a corporation, whether you paid attention to corporate formalities.
If the business was a sole proprietorship, then you were the business. If you received, or had a right to receive, your inheritance before filing, then that money is part of your estate in bankruptcy.
Answered on 2/04/02, 10:47 am
Related Questions & Answers
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
