Legal Question in Bankruptcy in Georgia
bankruptcy
My contracing company has lawsits, and i am personal garenty. I am about to lose all of the houses that the company has built that would have paid the suits off. Now that I dont hane the company any more, what will happen with the law suits. Can I keep my house? I have alot of equity in it. Should I fill bankrupt or try to ride it out now?Please help what do I do?
Asked on 11/02/08, 7:32 pm
1 Answer from Attorneys
Glen Ashman
Ashman Law Office also dba Glen Ashman Attorney
Re: bankruptcy
Without seeing all your numbers I can't advise you, but if you "ride it out" and get sued, your creditors are free to pursue your home and other assets. A bankruptcy may help, and, if your equity is too big, a chpater 13 might be a possibility. If you are in metroa Atlanta get a free worksheet at www.glenashman.com and I'll be glad to review your options.
Answered on 11/02/08, 8:58 pm
Related Questions & Answers
-
Repo of vehicle i filed a chap 13 and i missed the last court date and the case was... Asked 11/02/08, 2:15 pm in United States Georgia Bankruptcy Law
-
Can I keep my home and auto If I had to file Chapter 7 can I keep my mortgage on my... Asked 10/31/08, 12:30 am in United States Georgia Bankruptcy Law
-
Chapter 13 bankruptcy if a person is in a chapter 13 , what happens if they die? Asked 10/24/08, 5:14 pm in United States Georgia Bankruptcy Law
-
Chaper 13 I filed chapter 13, for the 3rd times this year the others were dismissed,... Asked 10/18/08, 12:50 pm in United States Georgia Bankruptcy Law
-
Consolidation can you file chapter 13 on your home if you have twenty or more years... Asked 10/13/08, 5:40 pm in United States Georgia 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.
