Goleta, CA Bankruptcy Law Firms & Lawyers

The fees that were owed on the date you filed bankruptcy have been discharged however, any fees since the bankruptcy are your obligation. Generally, homeowners associations secure their fees by putting a lien against the property, not suing the owner.

It is not illegal to change a businesses structure just before filing bankruptcy, but it may not be necessary and it also may harm the person who has done this by making the assets less protected in the bankruptcy filing. Bankruptcy exemptions provide for a substantial amount of protection of business assets, called "tools of the trade" if personally owned.

If the question is how many times can you file a bankruptcy petition, the answer is that there is no limit. There are, however, some disadvantages to successive bankruptcies. Some of them: You must wait eight years after filing a Ch. 7 in which you got a discharge until you can file a new Ch. 7. Four year wait if your second petition is under Ch. 13. Two-year wait from one Ch. 13 to the next. If you file a second time within 12 months, you must also move the court to extend the Automatic Stay past the 30-days which it lasts in the Bankruptcy Code. If you file a third time within 12 months, you must move the court immediately upon filing the petition for the imposition of the Automatic Stay otherwise it does not come into existence at all. Now help yourself a great deal by hiring a skilled bankruptcy lawyer. It's almost always a good investment. Good Luck.