QUESTION

LLC BK NEEDED

Asked on Sep 14th, 2017 on Bankruptcy - California
More details to this question:
I just dissolved my California LLC. I need to file BK for protection, one of my creditors is suing the LLC.
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1 ANSWER

Bankruptcy Attorney serving Burbank, CA
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I'm not sure what your question is, but if your LLC is dissolved, you certainly don't need to file a bankruptcy for it unless it has a lot of assets that need to be liquidated. LLCs do not receive a discharge of debts in a Chapter 7 case anyway, so not sure why you think you need to file bankruptcy for it.  If it's dissolved you clearly are not interested in doing a Chapter 11 reorganization. If you have personal liability for any of the corporate debts you may need a personal bankruptcy. My article at https://www.bklaw.com/business-bankruptcy/ should help clarify things for you on this.  
Answered on Sep 14th, 2017 at 11:52 PM

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