What is the name of your state (only U.S. law)? California
Hello!
I am suing a car dealership in California for Title Fraud, and last month my attorney informed me that the dealership has filed for Chapter 7.
My question is, are they still allowed to remain open for business while they are in this type of bankruptcy?
It seems that they are now operating under a different (but similar) name, and different phone number, at the same exact physical address. I was under the impression that if they entered Chapter 7 they had to "close their doors" and simply liquidate their lot in order to pay their debts. Is it legal for them to still operate while they are waiting for their bankruptcy hearing?
Thanks!
David
Hello!
I am suing a car dealership in California for Title Fraud, and last month my attorney informed me that the dealership has filed for Chapter 7.
My question is, are they still allowed to remain open for business while they are in this type of bankruptcy?
It seems that they are now operating under a different (but similar) name, and different phone number, at the same exact physical address. I was under the impression that if they entered Chapter 7 they had to "close their doors" and simply liquidate their lot in order to pay their debts. Is it legal for them to still operate while they are waiting for their bankruptcy hearing?
Thanks!
David