business bankruptcy and trustees retainer
September 12th, 2006 by Questions
We are trying to negotiate with creditors so as not to declare business bankruptcy.
Another reason is that the trustee requires $5000. up front as a retainer.
Ironically – we can\’t afford to declare bankruptcy.
However – if we are not successful as negotiating with creditors – and they petition us into bankruptcy – who pays the trustees retainer??
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