and I am worried that his personal bankruptcy might somehow affect our LLC, whether a creditor calls into question his involvement and possible ownership. She, the manager, bought into the LLC for a 10% membership interest, which we offered years ago for her loyalty. So when she files BK, will her filing affect our LLC structure? Should be liquidate her interest to her ahead of time, in cash or property? If she files I assume she will have to list her 10% interest on her filing papers, and then place a value on her interest? I just want to get her out of the picture and told her to hold off filing until we figure out the possible pitfalls.