LLC CH 7

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Yahoo Bot
Posts: 22904
Joined: Sun Oct 18, 2020 11:38 pm


I concur with David, check out the California corporations code.
> I have a film production company/client where the film financing
did not
> come through. So, the company has incurred about 1 mill in debt.
The
> only member who has something to lose came in to see me to file a
> Chapter 7 on the LLC. If the operating agreement is silent as to
who can
> file the BK between the members, is there any State or Federal law
> preventing one of the members from filing the petition?
>
> Let me know.
>
>
>
>

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Yahoo Bot
Posts: 22904
Joined: Sun Oct 18, 2020 11:38 pm


charset="US-ASCII"
I have a film production company/client where the film financing did not
come through. So, the company has incurred about 1 mill in debt. The
only member who has something to lose came in to see me to file a
Chapter 7 on the LLC. If the operating agreement is silent as to who can
file the BK between the members, is there any State or Federal law
preventing one of the members from filing the petition?

Let me know.




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