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In ch 13 going to a ch 7 monday need help

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    In ch 13 going to a ch 7 monday need help

    I own a corp. On monday I am going to a Ch 13 to a Ch 7. However I have 4 partners It is a S Corp. What will happen to my % in the corp. I am selling my % to my partners monday. Will the court take the $$$ when they find out from my partners?????

    #2
    If you can't exempt the money under some exemption scheme, then it is property of the Bankruptcy Estate. I hope you're working with an attorney on this.
    Chapter 7 (No Asset/Non-Consumer) Filed (Pro Se) 7/08 (converted from Chapter 13 - 2/10)
    Status: (Auto) Discharged and Closed! 5/10
    Visit My BKForum Blog: justbroke's Blog

    Any advice provided is not legal advice, but simply the musings of a fellow bankrupt.

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      #3
      i am working with an attorney. well see its complicated. i actually own 49% and theres another 51% but the estate there is 4 other partners of this certain enterprise.

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