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.
How to Protect Your Rights During a Florida Foreclosure
Facing foreclosure can be one of the most stressful and uncertain times in a homeowner's life. The potential loss of your home, financial instability, and growing pressure from lenders can leave you feeling overwhelmed. That’s why it’s essential to understand the...