Legal Question in Bankruptcy in Arizona
Bankruptcy for an LLC
Can an Arizona LLC file for bankruptcy to protect its assets and cash from a promissory Note and the LLC continue operations? do the members of the LLC also have to file for bankruptcy or is it just the LLC?
Asked on 3/26/08, 5:57 pm
1 Answer from Attorneys
Gerd Zimmermann
zimmermann nielsen & colleagues
Re: Bankruptcy for an LLC
File Chapter 11 for the LLC, the members do not have to file. It depends on the Court and trustee how you can operate the company in the future.
Answered on 3/26/08, 6:19 pm
Related Questions & Answers
-
Wills what are the laws in Arizona concerning contesting a will of my father--and I... Asked 11/22/07, 10:53 pm in United States Arizona Bankruptcy Law
-
Mortgage What would happen if i stopped paying for my mobile home? and is there... Asked 6/06/07, 9:19 am in United States Arizona Bankruptcy Law
-
Chapter 13 bankruptsy have a chapter13 bankruptsy problem that i need help with.... Asked 4/29/07, 12:07 am in United States Arizona Bankruptcy Law
-
Bankruptcy can a person with mental illness file bankruptcy? this person has no... Asked 2/07/07, 7:16 pm in United States Arizona Bankruptcy Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
