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.
Can I Sell My House During or After Chapter 7 in Florida? What the Trustee Can and Cannot Claim
Quick Answer In Florida, whether a Chapter 7 trustee can reach the money from selling your home depends on whether your equity was exempt. If your home was your protected homestead and all of its equity was exempt, you can generally sell after your exemption becomes...