Legal Question in Bankruptcy in Tennessee
Corporate and LLC Bankruptcy
If I own stock in a corporation or a percentage of an LLC that files for bankruptcy will the bankruptcy show up on my personal credit rating?
1 Answer from Attorneys
Re: Corporate and LLC Bankruptcy
Your credit rating should not be affected unless your name is "brought up" during the bankruptcy proceedings. If you are the co-signor of a note or obligation of the debtor and the bankruptcy plan adversly effects that creditor you should be fine. If you are very concerned about it you should consult an attorney because every case is different.
Your question is very important. I often help individuals through very difficult issues like yours.
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Feel free to call Karen Nickelson, my paralegal, at (901) 527-5522, and set an appointment for an in-person consultation or a telephone consultation. Karen will be glad to assist you with any additional questions about our services or fees.
Additional information may be found about my firm or me at:
Crone & Mason, PLC -
www.cronemason.com
Thank you,
Alan G. Crone
Crone & Mason, PLC
Eight S. Third St., Fifth Fl.
Memphis, TN 38103
www.cronemason.com
(901) 527-5522
(901) 529-1432 fax
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