Bankruptcy Law Questions? Ask a Bankruptcy Lawyer.
Is the debtor the sole owner of the LLC?
Thank you for your response.
If the debtor is the sole owner, all property owned by the LLC will be treated as if the property was owned directly by the debtor (personally).
OK, so if I understand correctly the LLC offers no distinction between personal and business assets
That is correct - as if the LLC is solely owned by the debtor, then everything the LLC owns belongs to the debtor.