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No. The LLC did not go bankrupt. The foreclosure was for the land only.
That is correct. Only the land.
Eileen,Thank you for your patience. If that is accurate then the other party has no basis or right to seek the accounts receivable--he would be entitled if he purchased the land with all profits attached, and not just the land itself. My concern is how the foreclosure was listed and if it expressly sold the land without any attachments, then he wouldn't be entitled to any benefits.Good luck.
I will review the foreclosure complaint and the Order by the Judge and if I am incorrect, I will request you by the attached link. Thank you.
Eileen,Sure thing, I look forward to assisting you further. Otherwise if satisfied please do not forget to positively rate my answers to you so I may obtain credit. Thank you!