Dale P. asked
My two stores are in bad shape, and I cannot pay rent anymore. I want to file for corporate bankruptcy. Both stores are under the same C corporation, and I have another store under a separate LLC that I want to keep open. I have personal guarantees on 10-year leases for each store, and I also have a personal loan from a friend for the purchase of these stores. What are my options, and how will these actions affect my personal guarantees and the loan from my friend?
July 17th, 2024
Juan P. answered
Filing for corporate bankruptcy will not relieve you of the personal liability for the leases due to...
July 17th, 2024
Create an account to view answers and interact with the community!
Are there any reputable lawyers and tax advisors for businesses in the Hampton Roads area of Virginia?
October 16th, 2024
What brings a boiler room up to proper code for a 3-family property in Queens, NY, and is there any paperwork that needs to be filed?
March 25th, 2023
Regarding Industrial Welfare Commission order 16-2001, if an employee is scheduled to work more than 5 hours, are we required to provide them with a 30-minute lunch break, regardless of the exact time it is taken, and if they do not receive this break, are they entitled to an additional hour of pay?
November 14th, 2024
I am a writer using a pen name for my work. I was just hired for my first paying gig. Can I sign the contract under the pen name? Do I need to file a fictitious business name for my pen name so I can negotiate the check? I am based in California and concealing my true identity is important to me.
October 18th, 2023
Received a traffic ticket via a camera in Los Angeles County, California. Are camera traffic tickets enforceable in LA County, and what should I do if I believe the citation is invalid?
October 7th, 2023