by Staff of the Firm | Dec 19, 2015 | Business Management, LLC, Uncategorized
In our previous blog series on single-member LLCs and creditors’ rights (available here), we discussed charging order protection and courts’ application of the same to single-member LLCs. As we mentioned, the obvious purpose of charging order is to protect other...
by Staff of the Firm | Dec 5, 2015 | Bankruptcy, LLC, Personal Liability, Uncategorized
After Olmstead v. FTC, a Florida Case with Potential National Implications. The Florida Supreme Court’s opinion in Olmstead v. FTC created much uncertainty concerning charging order protection for multi-member LLCs in Florida[1] and seems to have been the catalyst for...
by Staff of the Firm | Nov 14, 2015 | Bankruptcy, LLC, Personal Liability, Uncategorized
Real Life Stories (Cases) on the Issue: Olmstead v. FTC (Florida). Olmstead v. FTC, a non-bankruptcy case, dealt with the question as to whether a court may order judgment debtor to surrender all right, title, and interest in the debtor’s single-member LLC to satisfy...
by Staff of the Firm | Nov 7, 2015 | Bankruptcy, LLC, Personal Liability, Uncategorized
Real Life Stories (Cases) on the Issue: In re Modanlo (Delaware). In Modanlo, Modanlo was the debtor and held a 100% ownership interest in NYSI, a Delaware single-member LLC.[1] Subsequently, the trustee filed a bankruptcy petition for NYSI and sought the court’s...
by Staff of the Firm | Nov 3, 2015 | Bankruptcy, LLC, Personal Liability, Uncategorized
Real Life Stories (Cases) on the Issue: In re A-Z Electronics, LLC (Idaho). A-Z Electronics, another bankruptcy case involving a single-member LLC, follows the reasoning in Albright to reach the conclusion that a debtor-member’s bankruptcy filing assigns his or her...
