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Home / Opinion Digests / Debtor-Member’s LLC Rights Revested (access required)

Debtor-Member’s LLC Rights Revested (access required)

A debtor-member of an LLC whose individual bankruptcy petition was dismissed saw his economic and non-economic interests revested in the LLC and consequently his vote counted for authorization of the LLC to file a bankruptcy petition; the Lynchburg U.S. Bankruptcy Court denies the motion of the Official Committee of Unsecured Creditors to dismiss the LLC’s ...

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