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Ellen
Ellen, Attorney
Category: Bankruptcy Law
Satisfied Customers: 36714
Experience:  Bankruptcy Lawyer. Experienced.
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how many debtors is a LLC required to have to file a chapter

Resolved Question:

how many debtors is a LLC required to have to file a chapter 11, bankruptcy
Submitted: 8 years ago.
Category: Bankruptcy Law
Expert:  Ellen replied 8 years ago.
Hello,

The LLC is referred to as the debtor in a bankruptcy proceeding. The entity that the LLC owes money to is referred to as the creditor. A debtor is only required to have one creditor to file a Chapter 11 bankruptcy.

Good luck.
Ellen and 2 other Bankruptcy Law Specialists are ready to help you
Customer: replied 8 years ago.
What are my chances that the bankruptcy court will aprove by request?
Customer: replied 8 years ago.
Is the chapter 11 a good idea, What are my chances that the bankruptcy court will aprove by request, ?
Expert:  Ellen replied 8 years ago.
Hello,

That question involves much more of an analysis that this forum permits.

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