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.
Florida Homestead Exemption: Protecting Your Primary Residence
Owning a home is one of the most significant investments many of us will make in our lifetimes. In Florida, the homestead exemption plays a crucial role in safeguarding this investment, offering both protection from creditors and valuable tax benefits. In this Klein...