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.
A Brief History of Marriage and ‘Until Death do us Part’
A brief examination of the differences between the society which birthed the ‘Until death do us part’ worldview and that of contemporary America provides several fascinating insights. Contrasting the past with the present is worthy of consideration as so many social...