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joint administration
Yes, It can be done. See Editor's Comments to Rule 1015 in Norton's Rules. No experience with this, but I'm interested in following the case.
Thanks,
Peter
Law Office of Peter M. Lively * Personal Financial Law Center I
11268 Washington Boulevard, Suite 203, Culver City, California 90230-4647
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On Thursday, February 20, 2014 12:11 PM, "sam@southbaybk.com" wrote:
I jumped into a chapter 13 where the debtors owned an LLC which held a small trucking company. They tried reorganizing the LLC in chapter 11 and then converted itto 7. But they are continuing to operate a trucking business using the same LLC assets - which is fundingthe chapter 13. All of this was done by prior counsel who is still attorney of record for the LLC. The chapter 7 trustee wants the keys to the equipment.13 with the LLC's 7. I think this is the best chance of getting the creditors paid. I can't find any case law on this issue - but my gut feeling is that it cannot be done. Does anyone have any experience or thoughts to share?
The post was migrated from Yahoo.