Legal Question in Bankruptcy in Idaho

Bancrupcy of an LLC, how does it affect my other LLC?
I have not had bancrupcy yet, but I am affraid that one of my LLC will buy a house with enviromental problems. (That might happen because I have no funds to do an enviromental inspection every time I buy a house. The enviromental inspections cost like 3,000-4,000$ )
So, if that happens, of course, I probably won't be able to clean it up, so it would be easier to form a bancrupcy.
How does it affect my other LLC? Will I have trouble with my other LLC's to get a loan in a bank for buying other properties?

let's say this LLC bought the house and I peronally did not guarantee to the lender anything...
Thank you very much

Asked on 10/30/05, 10:43 am

Alvin Lundgren Alvin R. Lundgren, L.C.

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Re: Bancrupcy of an LLC, how does it affect my other LLC?

A bankruptcy of one LLC will not directly affect any other LLC, unless a court finds collusion between them, in which case there could be a problem.

Answered on 10/30/05, 2:15 pm

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