Legal Question in Bankruptcy in California
Bankruptcy
My husband and I own a restaurant with my sister. We have a LLC. We are in debt with credit cards and personal loans. If my husband and I file for chapter 7 or chapter 13 can we still keep the restaurant
Asked on 9/04/08, 8:37 pm
1 Answer from Attorneys
Brian Whitaker
Lifeline Legal, LLP
Re: Bankruptcy
with a Chapter 13 - yes ...
with a Chapter 7 - probably ... depending on the amount of your equity in the LLC.
Answered on 9/04/08, 9:09 pm
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