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