My partner is consiering bankrupcy How will that effect the company we own together

Virginia Beach, VA Viewed 100 times. Posted about 1 year ago in Bankruptcy / Debt

Bankrupcy: My partner is consiering bankrupcy How will that effect the company we own together? - Is this your question? Add additional information

Answers (1)

Michael E Hendrickson

This attorney is licensed in Dist. of Columbia. Posted about 1 year ago.

Your partner would be wise to consult a bankruptcy attorney, but I believe that his share of the company assets would be encumbered and subject to the control of the bankruptcy trustee and placed in the bankrutpcy estate,
if necessary, to pay creditors.

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