by Staff of the Firm | Oct 29, 2015 | Bankruptcy, LLC, Personal Liability, Uncategorized
Real Life Stories (Cases) on the Issue: In re Albright (Colorado). In Albright, Albright was the debtor in bankruptcy and the sole member of a Colorado LLC, which owned certain real property.[1] The bankruptcy trustee contended that, because the debtor was the sole...
by Staff of the Firm | Oct 24, 2015 | Bankruptcy, LLC, Personal Liability, Uncategorized
As many of you know, an LLC’s assets are generally not subject to claims by creditors of LLC members for their personal debts. The LLC and its owner are generally considered separate legal entities with their own assets and liabilities. In our previous blog series on...
