Legal Question in Bankruptcy in Louisiana
I am a shareholder in a County Club that is filing Chaper 11. Do I lose my shareholding rights when this is done?
Asked on 2/16/10, 4:22 pm
1 Answer from Attorneys
Adam Lambert
The Law Office of Adam S. Lambert
Probably not. Chapter 11 is a reorganization, not a liquidation like Chapter 7. Nevertheless, they should be informing shareholders of what is going on. I would contact someone with the Board and get some information. Also, bankruptcy filings are public record, so you can go to the courthouse and look them over.
Answered on 2/22/10, 7:54 am
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