It’s a possibility that the bankruptcy court technically can take over your shares of a corporation or your percentage ownership of an LLC. The question is really how much property is owned by that corporation and what the value of that corporation is and the percentage of ownership that you have. Whatever that value is, is technically your personal property and you have to account for that just like the rest of your personal property.
Navigating Your Finances During Divorce
Going through a divorce is undoubtedly one of the most challenging and emotionally taxing experiences a person can face. Amidst the emotional turmoil and legal complexities that come with the dissolution of a marriage, managing finances effectively during this period...