It’s a possibility that the bankruptcy court technically can take over your shares of a corporation or your percentage ownership of an LLC. The question is really how much property is owned by that corporation and what the value of that corporation is and the percentage of ownership that you have. Whatever that value is, is technically your personal property and you have to account for that just like the rest of your personal property.
Honoring Juneteenth: Estate Planning to Secure Generational WealthThe Truth About Your Credit Score After Filing for Bankruptcy in Florida
Filing for bankruptcy in Florida can be a difficult decision, but it is often the first step toward financial recovery. While it’s no secret that bankruptcy will impact your credit score, what many people don’t realize is that the damage isn’t permanent. With the...