Tag Archives: bankruptcy procedures

Control Of An LLC: Who Comes Out On Top – A Bankrupt Member Or The Member’s Chapter 7 Trustee?

In re B&M Land and Livestock, LLC, 498 B.R. 262 (Bankr. D. Nev. 2013) – A chapter 7 debtor that was the sole member and manager of a limited liability company filed a chapter 11 bankruptcy on behalf of the LLC.  The United … Continue reading

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Authority to File Bankruptcy: What Will a Court Consider?

In re Quad-C Funding LLC, 496 B.R. 135 (Bankr. S.D.N.Y. 2013) – After a multi-member limited liability company filed a chapter 11 bankruptcy petition, one member (Crossroads) moved to dismiss the case on the basis that the filing was not properly authorized … Continue reading

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