Legal Question in Bankruptcy in Arizona
Partner in LLC is going to claim bankruptcy
My partner and I have an LLC both are 50/50 owners. He is considering bankruptcy and wants to give his owership to his dad. Will his creditors still come after our business? What do I do?
Asked on 6/30/09, 12:14 am
1 Answer from Attorneys
Donald W. Hudspeth
The Law Offices of Donald W. Hudspeth, P.C.
Re: Partner in LLC is going to claim bankruptcy
This is not an easy question. It depends on a great many things. We would need more information and to review all documents involved before rendering an opinion and giving advice on this subject.
Answered on 7/01/09, 8:33 pm
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