Legal Question in Bankruptcy in Nevada
I have 2 busineses, one is an incorporation, the other an llc ,if I file personal bankruptcy can the bankruptcy trustee take those businesses and sell them?
Asked on 10/08/15, 10:00 pm
2 Answers from Attorneys
While it is possible that the trustee could take those businesses and sell them, Nevada law does provide exemption for corporations and llcs under certain circumstances. In many, but not all instances, you could keep these businesses even though you filed Chapter 7 bankruptcy.
Answered on 10/09/15, 7:10 am
Charles Andersen
Charles Andersen, Atty
When you say that you are the owner of the company's you need to come up with a new definition for your role. Are you the sole shareholder etc., http://www.abc27talkback.com
Answered on 10/09/15, 7:59 am
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