Legal Question in Bankruptcy in Maryland

LLC Bankruptcy

Within an LLC there's 2 owners, 1 40%

the other 60%. Does the 40% owner

have the right to file bankruptcy for the

LLC? If not, can he sue the 60% owner

to force the bankruptcy?


Asked on 3/03/09, 8:55 am

1 Answer from Attorneys

Daniel Press Chung & Press, P.C.

Re: LLC Bankruptcy

It would depend on the terms of the operating agreement, but the answer is probably not.

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Answered on 3/03/09, 11:16 am


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