4 ms·
Why can't the LLC just claim bankruptcy/claim it has no assets/make it so it has no assets to forfeit?
by MuffinFlavored 4y ago
Why can't the LLC just claim bankruptcy/claim it has no assets/make it so it has no assets to forfeit?
- nullc 4y agoIt (potentially) can. But this also follows along the answers "since you're not in the UK why not ignore it"-- if a court later decides to allow recovery of assets that came from the LLC or pierce the corporate veil entirely you're screwed-- at that point you lost your chance to defend yourself.