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Consumer Bankruptcy : Chapter 7, Chapter 13, Protection From Claims of Creditors
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Old 04-02-2003, 01:06 AM
rruo1234
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Can I operate my store?


What is the name of your state? CA. Hi, I'm ready to file chapter 7 due to the debts of personnel and business credit cards. I'm operating a retail store with a corporation name. the corporation is 100% shareholder of myself. When I file No.7 individually, can I operate my store continuously? my inventory is about is about $ 10,000 now.

My second question is as below.
I have several credit cards of business name. These cards were issued from my previous individual store name. Right now my individual store was closed, and I have new store with incorporated name from two years ago. I'm keeping these old business name's cards. I didn't report to change my business name to the credit card companies. When I file No. 7 individually, these business credit card's creditors can be excused about not reporting to change business name? For reference, I've already changed my old business address and tel.No. to the card's billing statements. Monthly bills are arriving to my new store with previous store name. Sincerely yours.
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