Quote:
Originally Posted by jglass38
Reported to who? The IRS? You and I don't know his financial business. Maybe they were. It doesn't change the facts.
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From what I understood, for the company to file bankruptcy all debts must be reported to the court and they then decide how to divide liquidation of assets up between the creditors. You can't just close down an LLC and go about your day.
A lawyer familiar with LLC law would be better able to talk to these two about the specifics and what they need to do.