The Alarming Potential for Foreclosure and Dissolution by an LLC Member?s Personal Creditors
Elizabeth M. Schurig and Amy P. Jetel
The AlarmingPotential forForeclosure andDissolution byan LLC Member’sPersonal CreditorsBy Elizabeth M. Schurig andAmy P. Jetelliability entities (such as limited partnerships, limited liability companies, and corporations) were originally conceived as a way to encourage investment by insulating the entity’s owners from the entity’s debts and from debts of the other owners. But recently, limited partnershhi (LP) and limited liability company (LLC) ownership interests have themselves come to be...