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.
Foreclosure: How Bankruptcy Can Help During the Holidays
The holiday season is a time of warmth, joy, and togetherness, but for some families, it can also bring financial stress and the threat of foreclosure. If you're facing the possibility of losing your home during this festive time, it's essential to understand...