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Trustee Is Suing
OK-
we own our own business- a corporation in Mich. We had to file last year and the corp surrendered all assets to the first secured creditor. The Corp owed us a large sum of money- now the trustee has hired an attorney to go after the corp for the money we were owed. The corp ceised operations 5 months ago- we had our meeting of the creditors and got the discharge in Jan. after the discharge this "other" attorney starting reviewing our file and asking questions. We answered them and have co-operated all along.
Has anyone been through this before? In addition he is asking about our vacation home and the home we are surrendering- stating that there is/was equity- with our market here both properties have more owed on them than the market can support- by many thousands.....we are trying to do a deed in lieu on both properties but am now scared to as this guy is asking about them....nothing in writing yet........
This whole thing has been such a nerve wracker for me- I knew it was complicated because of the business - and I am a very anal individual and do not do well in things I cannot control--
anyway- sorry to blab, but I am looking for any advice.....
we are in Michigan.
thanks all--
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Re: Trustee Is Suing
Have you notified YOUR attorney about this? If so, what did he say? If not, why not?
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Re: Trustee Is Suing
Yes we did and he assures me that we do not need to worry- that we are protected because it is against the corporation.
As for the houses- he is asking the trustee for release so we can proceed-
I am basically wondering if anyone has been thru anything like this--
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Re: Trustee Is Suing
If your attorney assures you then you have to take his advice as he knows the details of your case. Even if someone here had been thru something similar, every case is different and every trustee operates differently as well as states.
This is one of those hurry up and wait situations.
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Re: Trustee Is Suing
thanks- he is working on it-
I got a copy of the answer- time will tell- thanks for the answer--