Control Of An LLC: Who Comes Out On Top – A Bankrupt Member Or The ....

01/21/14

Control Of An LLC: Who Comes Out On Top – A Bankrupt Member Or The ...
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A chapter 7 debtor that was the sole member and manager of a limited liability company filed a chapter 11 bankruptcy on behalf of the LLC. The United States Trustee filed a motion to dismiss the LLC bankruptcy petition on the basis that the bankrupt ...