Unique Aspects of LLC's and their Members in Bankrutpcy

by Kenneth L. Samuelson on Oct. 08, 2012

Bankruptcy & Debt Bankruptcy Real Estate  Foreclosure Bankruptcy & Debt  Credit & Debt 

Summary: LLC's are treated more like corporations in bankruptcy, but not entirely so. Charging liens and other types of collection vehicles affect LLC's and their members differently,

This article is located on my blog at http://www.commercialrealestatelawyerblog.com.  See my blog for other commercial real estate and bankruptcy articles, including title problems that only a bankruptcy court can solve, buying assets out of bankruptcy, the safety of escrow deposits from bankruptcy, drafting workout agreements.

Legal Articles Additional Disclaimer

Lawyer.com is not a law firm and does not offer legal advice. Content posted on Lawyer.com is the sole responsibility of the person from whom such content originated and is not reviewed or commented on by Lawyer.com. The application of law to any set of facts is a highly specialized skill, practiced by lawyers and often dependent on jurisdiction. Content on the site of a legal nature may or may not be accurate for a particular state or jurisdiction and may largely depend on specific circumstances surrounding individual cases, which may or may not be consistent with your circumstances or may no longer be up-to-date to the extent that laws have changed since posting. Legal articles therefore are for review as general research and for use in helping to gauge a lawyer's expertise on a matter. If you are seeking specific legal advice, Lawyer.com recommends that you contact a lawyer to review your specific issues. See Lawyer.com's full Terms of Use for more information.