{"id":619,"date":"2016-02-22T22:13:28","date_gmt":"2016-02-23T03:13:28","guid":{"rendered":"http:\/\/www.michaelsmithlaw.com\/blog\/?p=619"},"modified":"2023-11-28T13:37:33","modified_gmt":"2023-11-28T18:37:33","slug":"llc-interests-members-bankruptcy","status":"publish","type":"post","link":"https:\/\/www.hpindiana.law\/business-blog\/llc-interests-members-bankruptcy\/","title":{"rendered":"LLC Interests and a Member&#8217;s Bankruptcy, Part I"},"content":{"rendered":"<p>[The other articles in this seven-part series are here: \u00a0<a href=\"https:\/\/www.hpindiana.law\/business-blog\/llc-interests-members-bankruptcy-part-ii\" target=\"_blank\" rel=\"noopener\">Part II<\/a>, <a href=\"https:\/\/www.hpindiana.law\/business-blog\/llc-interests-members-bankruptcy-part-iii\" target=\"_blank\" rel=\"noopener\">Part III<\/a>, <a href=\"https:\/\/www.hpindiana.law\/business-blog\/llc-interests-members-bankruptcy-part-iv\" target=\"_blank\" rel=\"noopener\">Part IV<\/a>, <a href=\"https:\/\/www.hpindiana.law\/business-blog\/llc-interests-members-bankruptcy-part-v\" target=\"_blank\" rel=\"noopener\">Part V<\/a>, <a href=\"https:\/\/www.hpindiana.law\/business-blog\/llc-interests-and-a-members-bankruptcy-part-vi\" target=\"_blank\" rel=\"noopener\">Part VI<\/a>, <a href=\"https:\/\/www.hpindiana.law\/business-blog\/llc-interests-members-bankuptcy-part-vii\" target=\"_blank\" rel=\"noopener\">Part VII<\/a>.]<\/p>\n<p>The law of limited liability companies is a blend of concepts taken from the law of corporations and the law of partnerships. One of the differences between corporations and partnerships deals with the rights of the creditor of a shareholder of a corporation versus the rights of a creditor of a partner.<\/p>\n<p>The usual rule for corporations is that a shareholder\u2019s stock is property that, like any other property of the shareholder, can be reached by the shareholder\u2019s creditors. For example, the shareholder\u2019s creditor may be able to force a sale of the stock to satisfy a judgment against the shareholder, and the person who buys the stock will receive all the rights of a shareholder, including the right to receive dividends (i.e., economic rights) and to vote in elections of directors (i.e., noneconomic rights).<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.hpindiana.law\/business-blog\/llc-interests-members-bankruptcy\/\"  title=\"Continue Reading LLC Interests and a Member&#8217;s Bankruptcy, Part I\" class=\"more-link\">Continue reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>[The other articles in this seven-part series are here: \u00a0Part II, Part III, Part IV, Part V, Part VI, Part VII.] The law of limited liability companies is a blend of concepts taken from the law of corporations and the law of partnerships. One of the differences between corporations and partnerships deals with the rights [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":["post-619","post","type-post","status-publish","format-standard","hentry","category-limited-liability-companies"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>LLC Interests and a Member&#039;s Bankruptcy, Part I &#8212; Indiana Business Law Blog &#8212; February 22, 2016<\/title>\n<meta name=\"description\" content=\"The law of limited liability companies is a blend of concepts taken from the law of corporations and the law of partnerships. One of the differences &#8212; February 22, 2016\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.hpindiana.law\/business-blog\/llc-interests-members-bankruptcy\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Michael R. Smith\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"LLC Interests and a Member's Bankruptcy, Part I &#8212; Indiana Business Law Blog &#8212; February 22, 2016","description":"The law of limited liability companies is a blend of concepts taken from the law of corporations and the law of partnerships. 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