What happens to my LLC if a member files for bankruptcy? Posted on July 14, 2011
3 of us started an LLC, one of the members is filing for bankruptcy but he has not consented to selling his portion and insistst that it won't affect the company. I don't know much about bankruptcy but I would assume the state will take his shares and his dividends. What will happen to his 33% of the company if he does file?
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