Urban Brands, USA clothing salesman, seeks Chapter 11 Bankruptcy Protection Urban Brands Inc., owner of Ashley Stewart clothing stores in the U.S. sought bankruptcy protection in Delaware. Fall of Lehman Brothers P5
Should I keep paying my bills on a credit card company "Advanta", which has filled for Chapter 11 bankruptcy?
I have a balance of $ 9,000 Advanta account, but when I call the number on the statement is telling me I have a balance of $ 0. My last statement was sent in mid November. and I just read that on 08 November, the company filled for Chapter 11 bankruptcy. Am I still responsible for payment? Serious answers only please. this is serious! give thanks in advance
Your account has most likely been sold to another company. You must continue making payments to Advanta until you are told otherwise. Your debt does not disappear because they filed Chapter 11.
So I got a notice that my landlord is filing for Chapter 11 bankruptcy. We have a contract rent to own with them but have not changed for rent to buy yet. The owner said that they agreed to "roll" the contract rent for a year before the purchase due to the economy. Now I am receiving the notifications that are breaking. Do you think I'm going to have to move? I have all intend to call a bankruptcy attorney to see what my rights here too I just found out that there is a "co-owner" on my property. I am very nervous about this as I live on a farm of 15 hectares and would have to relocate many animals.
By all means consult an attorney, but do not go overboard. You may have very few rights in law, if necessary. Your best bet is to try to negotiate directly with who is going to end up owning the property at the end of the day. If co-owner can and will pay the debt, he will. Otherwise, the bank that holds the mortgage. A real estate agent who knows the area and / or a lawyer real estate can be your best help here. If you are "lucky" nobody wants the property "immediately" and the bank is happy to continue his contract every month. " Unless you have a business contract that protects your right to hire according to the circumstances of insolvency, in most cases and most states of the bankrupt owners invalidate his claim to use the property. They, however, have to follow state and county laws regarding an order to evacuate. Read your contract carefully. Check state law carefully. I imagine the standard rule of thumb is probably 60 days in advance, provided they are current. But it can be as short as 30 days or 180 days.
Chapter 11 Bankruptcy – Inland Empire Bankruptcy Attorneys – Stone Haven Law Group
