Chicago, IL asked in Bankruptcy for Illinois

Q: Do I need a Bankruptcy Lawyer?

I had a real estate business which was dissolved by the state. I had a business loan of $ 100,000 I filled for bankruptcy as a person and my debt was discharged. I still receive letters from the bank and from attorneys. Should I fill for bankruptcy or should I just apply for a voluntary dissolution for the business

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2 Lawyer Answers
Eric M Wiechert
Eric M Wiechert
Answered
  • Bankruptcy Lawyer
  • Eau Claire, WI
  • Licensed in Illinois

A: You probably want to talk to the attorney that help with the bk petition. Likely there is a security agreement in place. If these are unsecured prepetition contingent claims they were discharged by the bk provided that the creditors had notice of the discharge and their claims were scheduled.

David Siegel
David Siegel
Answered
  • Bankruptcy Lawyer
  • Chicago, IL

A: If you want to bring the collection activity to an end, then I would recommend filing a Chapter 7 bankruptcy for the corporation.

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