Legal Question in Bankruptcy in California
We have an LLC in California with two members, an individual and a Trust company 50% each. The company is going through hard financial times, and we thinking filing a Bankruptcy for the company.
In this case can they come after the individual and or the Trust company (the members) personal and private assets?
or they are restricted to the LLC's assets only?
Asked on 1/06/17, 10:48 am
1 Answer from Attorneys
Scott Jordan
Jordan Law Office
Your question is difficult to answer without more information. I suggest you contact a local bankruptcy attorney and schedule a consultation. It is possible you don't even need to file a bankruptcy.
Answered on 1/06/17, 11:00 am
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