Forming a corporation during/after bankruptcy.

[ashfield]

What is the name of your state? Colorado

At what point is it legal and wise to start a new business and form a corporation with myself as one of the shareholders (not that I will see any $$ from the bus. any time soon )? Can I do that before the bankruptcy is discharged, or should I wait until it is completely over and done?

[bigun]

You'll be best served to wait until your bk is closed. Register for a pacer account to follow the process.

[url]http://pacer.psc.uscourts.gov/[/url]

[ashfield]

If it's not too much to ask, can you briefly tell me why? I need to explain it to my potential partners. I understand that I have to disclose if I expect to be making more money any time soon, but startup businesses usually take a while to become profitable. I don't expect mine to be any different. Would it just cause extra complication? How would anyone know if I started a business? One last question: I took your advice and got a Pacer account, which says the deadline for creditors to object to discharge is April 27th. How long after that is the the case discharged and closed. The discharge date isn't listed on the schedule. Thank you so much for your time. I'm guessing you're an attorney, so you must be busy.

[bigun]

Until the bk is closed, the trustee still has controll over your bk estate.
Under bk refrm, a very small percentage of bk's will be audited. Do you really want to explain to the trustee where you got the money to start a business and the bk is not yet discharged?
In general, your discharge sholulod occur 60 days frolm the 341 meeting.
I'd play it safe and not do anything that may call attention to yourself.