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socrateaser
socrateaser, Attorney
Category: Bankruptcy Law
Satisfied Customers: 38879
Experience:  Attorney and Real Estate Broker -- Retired (mostly)
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As a creditor may I attend the crecitors meeting on a Chapter

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As a creditor may I attend the crecitors meeting on a Chapter 7 and ask the questions MYSELF or do I need to hire an attorney?

If an LLC has been filed and recorded am still a legal owner until that is entity is disolved and may I sell my interest in the business?
As a creditor may I attend the creditors meeting on a Chapter 7 and ask the questions MYSELF or do I need to hire an attorney?

A: Absolutely yes. The bankruptcy trustee will ask members of the audience if they have questions. Just raise your hand and get in the game.

If an LLC has been filed and recorded am still a legal owner until that is entity is dissolved and may I sell my interest in the business?

A: The bankruptcy places the debtor's interest in the LLC in control of the bankruptcy trustee. The trustee has only the right to receive income or to sell the debtor's interest. The bankruptcy trustee has no management or control. If you are a bankruptcy creditor and an owner of the LLC, you can do whatever you want with your interest in the LLC.

Hope this helps.

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