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Terry L.
Terry L., Attorney
Category: Bankruptcy Law
Satisfied Customers: 2602
Experience:  Better Business Bureau. 18yrs bankruptcy experience. Chicago Bar Assoc. American Bankruptcy Institute member.
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I am the president of a company and hold 60% ownership. Can

Customer Question

I am the president of a company and hold 60% ownership. Can I declare corporate bankruptcy without the permission of the minority owner who owns 40%?
Submitted: 8 years ago.
Category: Bankruptcy Law
Expert:  TJ, Esq. replied 8 years ago.
Hello and thank you for allowing me the opportunity to assist you.

How is the company held? Is it a partnership...LLC...corporation?