Must a company be insolvent to file for bankruptcy?

Answer A company does not have to be insolvent to file for bankruptcy. A company can file a petition under Chapter 11 to remain in business during bankruptcy. A single business owner may qualify for som... Read More »

Top Q&A For: Must a company be insolvent to file for bankruptcy

Can a property management company file bankruptcy?

Do you lose company stock if they file bankruptcy?

When companies file for bankruptcy, they file for protection from the government against their creditors. As a stockholder, you are a partial shareholder of the company, an implication meaning tha... Read More »

Can a property management company file chapter 7 bankruptcy?

If they asked you on the application, and you lied, then, yes, technically, that is a lease violation that gives the landlord the right to terminate the lease. But, you make a very good point - why... Read More »

If a large medical bill was denied by your insurance so you decided to file bankruptcy but before you did the paperwork the insurance company sent you the check can you keep it?

Answer Given that you asked the question in the first place shows that you have a moral struggle taking place. You know what the right answer is and if you don't do what is right you will regret i... Read More »