Real Estate Law
Ask a Real Estate Law Question, Get an Answer ASAP!
This question is for Roger, Lawyer Are you familiar with BK law in Idaho? How can I be sure that someone who owes a real estate LLC I invested in money has not already filed BK. The money is owed to an LLC I invested in not directly to me. The managing member on the LLC I invested in may be trying to protect the person who owes us the debt because she was being paid bonuses by him to bring investors. ADA county Idaho
How did we get into Chat mode? I like it.
Pacer I think I even have that bookmarked,
Ok then how do I be sure I find out if he does file.
I'm afraid our Managing Member would just go along with his bankruptcy. Then we loose the chance to collect.
Are you familiar with BK law in Idaho?
What is the best way to send question directly to you?
How do I warn our managing member to notify us of any BK by the other party?
Re federal, That's good.
I'm not a creditor, the LLC i invested in is, but I do not trust our Managing Member.
Perfect "This Question is for Roger" from now on.
You do RE law as well?
Can I send you a 3 page bulit point case summary.
I will pay bonuses for your inout.
I dont understand: IF you are not a creditor, then the only thing you could do is have a written contract/agreement that you would be notified if a bankruptcy is filed.
but my LLC is a creditor so we get notified. As long as the managing member keeps the paperwork current on How we get notified. The "Address" of the our LLC my not be current.
may not be current. The LLC was formed in 2007
I will give you an excellent rating. What is a fair bonus?
The LLC gets notified. So I gotta be sure that all the records are current for it.
Secretary of state. But the managing member must do the update.
I expect to use this site for the next few months and would like someone to become familiar with the case.
Thanks for your help
Roger So far your advice has been good. I'd like to stick with you until I get this resolved.
Let's talk about how best to do that.
The chat method works great.
How do we start a chat session?
Ok Look for it
I sent it. Did you get it?
Are there instruction on the site how do start a chat?
DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.
The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).