May 18, 2010
A Chapter 7 proceeding starts when the debtor filing a petition with the bankruptcy court. In addition to the petition, the debtor must also file with the court several schedules of assets and liabilities, details of current income and expenditures, a statement of financial affairs, and details of executory contracts and unexpired leases. The schedules [...]
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May 17, 2010
The Richmond County, Georgia bankruptcy trustee in may use, sell, or lease property in the debtor’s estate in the ordinary course of business. In addition, a bankruptcy court may permit a trustee to operate the debtor’s business for a certain time when continued operation is in the best interests of the all. For instance, when [...]
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