QUESTION

I am a silent partner in an llc. Was inquiring if I could file chapter 7 without losing my interest in the business

Asked on Oct 03rd, 2018 on Bankruptcy - Connecticut
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I am trying to find out if I can file chapter 7 without losing my interest as a silent partner
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1 ANSWER
Answered on Oct 08th, 2018 at 9:04 AM
It is possible.  It will depend upon the value of your silent interest as well as a number of other factors such as what type of bankruptcy chapter you file under,  what other assets you possess, how much income you derive from the llc, etc.  My personal focus is on bankruptcy and I would be happy to answer further, however I need more details.  Feel free to contact us.

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