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Termination of an LLC Member Upon Bankruptcy Filing

October 8, 2017 | Penulis: JimersonCobb | Kategori: Bankruptcy, Bankruptcy In The United States, Limited Liability Company, Trustee, Insolvency
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Description: What happens to the rights of a member of a limited liability company when that member files bankruptcy? In...

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What happens to the rights of a member of a limited liability company when that member files bankruptcy? In Florida, that member is automatically terminated from membership in the LLC and any remaining interests in the LLC become property of the bankruptcy Trustee. But is it really that simple?
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