Legal Question in Bankruptcy in Virginia
Can a franchisor take legal action or threaten to stop a personal Chapter 7 bankruptcy?
Asked on 6/27/20, 10:48 am
1 Answer from Attorneys
Daniel Press
Chung & Press, P.C.
No more than any other creditor. If any franchisor debt was incurred by fraud, for example, they could have it declared non-dischargeable. Be aware, though, that the franchise agreement and the business are property of the bankruptcy estate and could be sold by the trustee. See an experienced bankruptcy lawyer to go over your specific situation,
Answered on 6/27/20, 11:37 am
Related Questions & Answers
-
I'm filing for chapter 7 because of overwhelming debt and an inability to work due... Asked 9/18/19, 10:52 am in United States Virginia Bankruptcy Law
-
If you are filing bankruptcy, can you cash in a 401K that has only 1854.00 in it to... Asked 10/20/17, 10:49 am in United States Virginia Bankruptcy Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
