Q: not sure which lawyer to choose/subject. my business is being sued for non payment of a business loan & large cc debt
personal mostly cc but a couple of bus and credit lines. Was served court papers for 1 already. How do I follow up with all this? I wanted to declare bankruptcy months ago, but I haven't had any income above what my immediate bills are.
Thanks.
A: You need to immediately retain an experienced bankruptcy attorney.That is the best and most cost effective way to handle this situation.
A: You should stop paying your creditors and file for the bankruptcy or at least get into a bankruptcy professional in your area so you can discuss your options and figure out what the strategy would be, so you can stop wasting funds and time. If you are truly planning to file, just know that you do not get "brownie points" for continuing to pay creditors for debt that is over 90 days old.
A: You need a business lawyer to restructure outside of bankruptcy or a bankruptcy lawyer to help you file a bankruptcy petition to get the process started. Either of which is going to cost money, however after you hire an attorney to do either of these options I'm sure you will feel that it was money well spent.
Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.
The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.
Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.
