What happens to an LLC's assets if it declares bankruptcy?

LLC's and Corporations cease to exist when they file. Operations cease. Filing the bankruptcy creates an “estate.” All assets including bank...

Am I responsible for an account in collections that someone else agreed and signed to pay for?

You probably are jointly responsible for the debt; which means they can collect from either or both of you. You should consult with an attorney.

WHY AM I BEING SUED?

It appears the trustee suing you to recover a preference payment made within 90 days prior to the bankruptcy. A Preference payment is defined at...

SRT-Stand Alone Retirement Trust (California)

Estate and Financial Planning are not the same. Financial Planning is how you build an estate. Estate planning is how you distribute the estate. ...

Can we remove a sibling trustee (of 2) who stole money from trust and now holding up sale of prop so he does not pay siblings

You can file a complaint for breach of fiduciary duty, removal of trustee, accounting and surcharge of the offending trustee. Hire an attorney.

Are relatives allowed to pay some bills for you before chapter 7 bankruptcy?

When do you plan to file for bankruptcy?

How can we get a correct and honest outcome from my parents probate attorney?

You should consult with an attorney immediately. In my experience, it is unsual for the attorney who made the will and trust to be named as...

If I understand your facts, you said you took out a credit card loan in 2005. You also say the Exhibit A of the complaint dosn't have your name on...

Can I place a third-party lien on a debtors renatl/office/ residential lease deposit (landlord) to collect a monetary judgment?

That is a very interesting question. If the debtor was in bankruptcy the lease deposit would be property of the bankruptcy estate and probably...

Mother in law is executor of her parents estate. How can she change her name as title on estate and add her son also?

When you say "executor of estate" that implies there is a Will. Is there a probate? You will need a court order to transfer the house. You need...