Authority to File for Bankruptcy on Behalf of an LLC?
Peter Mahler, in his blog New
York Business Divorce, recently posted a quite interesting piece addressing
the question of who, within any particular LLC, has authority to on its behalf
file for bankruptcy protection. In that posting, he reviewed primarily the
decision rendered in Catalyst Lifestyles Sport
Resort, LLC v. Sheppard, a
decision from the Northern District of Indiana. In the course of that decision,
there was reviewed and contrasted the decision rendered in In Re Mid-South Business Associates, LLC, a decision from the
Northern District of Mississippi.
That blog posting is titled Who Gets to Play the Bankruptcy Card Under Your
LLC Agreement? HERE IS A LINK
to that posting.
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