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The Consequences of an LLC Member Filing Bankruptcy
Contains material from Jul 2015
The Consequences of an LLC Member Filing Bankruptcy
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When an LLC member files for bankruptcy, a number of issues arise including the enforceability of applicable non-bankruptcy law, LLC transfer restrictions and whether the operating agreement is an executory contract. Explore these consequences in the context of both a single-member LLC as well as a multi-member LLC.
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The Consequences of an LLC Member Filing Bankruptcy (Jul 2015)
Jay Adkisson, Carter G. Bishop
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Session 1
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The Consequences of an LLC Member Filing Bankruptcy (Jul 2015)
When an LLC member files for bankruptcy, a number of issues arise including the enforceability of applicable non-bankruptcy law, LLC transfer restrictions and whether the operating agreement is an executory contract. Explore these consequences in the context of both a single-member LLC as well as a multi-member LLC.
Originally presented: Jul 2015 LLCs, LPs and Partnerships
Jay Adkisson,
Riser Adkisson LLP - Henderson, NV
Carter G. Bishop,
Suffolk University Law School - Boston, MA