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.
What to Do If You Suspect Hidden Assets in a Florida Divorce
Divorce can already be a challenging process, but discovering—or even suspecting—that your spouse may be hiding assets can make it even more complicated. Hidden assets can significantly impact the fairness of your divorce settlement, leaving you at a disadvantage....