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Re:Chp 7 and single member LLC (1 viewing) (1) Guest
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TOPIC: Re:Chp 7 and single member LLC
LK311 (User)
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Re:Chp 7 and single member LLC 7 Years, 2 Months ago Karma: 0  
A personal bankruptcy does not extend to protect the individual companies owned by the owner. You would have to file a separate bankruptcy for each company. In addition, if any of the companies had accounts receivables, then the owner would be required to assist teh bankruptcy trustee and "prosecute" or try to recover all receivables or claims of the company.
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Chp 7 and single member LLC
Shellrott 2011/11/08 22:51
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LK311 2011/12/07 07:28
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