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  • Court Considers Chapter 7 Trustee's Ability to Sell LLC Property in Sole Members Bankruptcy

    Michael I. Conlon

    A bankruptcy trustee has the right to liquidate any property of a Chapter 7 Debtor subject to claimed exemptions and liens. Does this right extend to a membership interest in an LLC where the sole member files bankruptcy? The Bankruptcy Court for the Western District of Michigan addressed this issue recently in In re Hopkins, Bankr. W.D. Mich. (Feb. 2, 2012).

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Traverse City, Michigan 49684
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Frankfort, Michigan 49635
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Gaylord, MI 49735
Phone: 989-732-1152
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