Bankruptcy

LLC & Bankruptcy

A limited liability company (LLC) is a form of business organization created by the laws of the state that organized it. Although it is treated as a partnership for tax purposes, it is treated as an ... MORE

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Bankruptcy During Divorce Proceedings

Filing for bankruptcy before a divorce has been finalized will complicate the divorce settlement. While state law governs divorce, bankruptcy is a federal procedure that shields the petitioner(s) from some, ...

How to Benefit From a Trust in Bankruptcy

If you learn you're the beneficiary of a trust soon after you file for bankruptcy protection, it may be too late to protect your inheritance. Your bankruptcy trustee can, and probably will, direct you to ...

Closing an LLC After Bankruptcy

There are several steps you need to take in order to carry out a legal dissolution if your LLC is closing down after filing for bankruptcy protection. You must get approval from all LLC members, and file the ...