Articles Comments

Debt Relief – Insolvency – Bankruptcy Information » Bankruptcy Help » Can a company sell all the stuff and property then go bankruptcy?

Can a company sell all the stuff and property then go bankruptcy?

Can a company sell everything they own and property then go bankruptcy?

They refused to pay salary and my husband is very upset about $3250 that he didn’t get paid for. He met the owner and told him they are going bankruptcy and my husband also found out the owner sold his property and sold his company stuff to his friend. A lot of his friend that were working for him did not get paid. What are the solution?

RELATED POSTS:

  1. How Does Bankruptcy Affect My Running A Company How does bankruptcy affect my running a company Bankruptcy can be an extremely effective way of dealing with a serious...

  2. Can insolvency association sell my house if it is still half in my husbands name? I was banrupt, now insolvency people own my share of the equity in my home, my husband still has his...

  3. Will Declaring Bankruptcy Stop me From Running my Company? For those with a personal debt problem bankruptcy can be a very effective solution. If you run a company either...

  4. Why does filing for Chapter 11 bankruptcy help to facilitate the sale of a company? I have noticed that some companies, when they have an offer to be purchased by another company, will voluntarily file...

  5. Can i declare bankruptcy after signing with a debt relief company like “credit solutions”? Signed with the Credit Solutions a few months ago, and credit card company is still going to take me to...

Written by

Filed under: Bankruptcy Help · Tags: , , , ,

5 Responses to "Can a company sell all the stuff and property then go bankruptcy?"

  1. Obamavenger says:
    If the property was sold at a bargain price the bankruptcy trustee can move the court to void the sale.
  2. Tony says:
    bankruptcy court
  3. Herbert S says:
    If they sold the stuff for personal gain with in 3 years before filing, they are in violation of the law.

    Herb

  4. Pressed Rat says:
    Don’t work for assholes.
  5. crbesq says:
    The bankruptcy trustee may be able to void the sale, sue the “friend” for return of the property, sell it, and use the proceeds to pay the company’s debts. Make sure that you stay on top of the bankruptcy case, and go to the 341 hearing and bring this sale to the bankruptcy trustee’s attention. If the bankruptcy case has not yet been filed, bring a lawsuit against the company and the owner quickly.

Leave a Reply

Connect with Facebook

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Not finding what you're looking for?
Do a custom search of our entire site:

Get Adobe Flash player