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Hello, I am seeking an attorney to file a small straight forward Chapter 11 respecting a single asset 8 unit residential building in Newburgh. I am very familiar with bankruptcy and it various Chapters but since the property is held in an LLC the court rules of course require me to hire an attorney to file the case. I considered quit claiming the property to myself or family member so I could file in Chapter 13 but I don't want to take on the attendant liability risks from the property and I don't want to run any risk whatsoever of a claim of fraud of any type. Can you help? Thank you, Mr. Harrison
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The filing is not a problem. The issue is the success of a plan, and what you intend to do. Also, if the creditor is the bank, you might do better outside of bankruptcy, as there are no trustee fees.
Answered on Apr 21st, 2017 at 4:11 PM