Law Practice
Aug. 20, 2016
Beware filing Chapter 7 as a way to end litigation
A Chapter 7 corporate bankruptcy petition may be a quick, proactive means of ending litigation and collection actions against the company. But this approach may backfire if the bankruptcy trustee sues the shareholder. By Howard N. Madris
Howard N. Madris
Law Office of Howard N. Madris, A P.C.bankruptcy and insolvency law
424 S Beverly Dr
Beverly Hills , CA 90212
Phone: (310) 277-0757
Email: hmadris@madrislaw.com
Boston Univ School of Law
Howard N. Madris practices bankruptcy and insolvency law at Beverly Hills-based Law Office of Howard N. Madris, A P.C.
Actor Michael J. Fox once said that "I like to encourage people to realize that any action is a good action if it's proactive and there is positive intent behind it." Fox was obviously not referring to whether filing a Chapter 7 bankruptcy petition is beneficial to the bankrupt company's sole, 100 percent shareholder. A...
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