bankruptcy

Turmoil Follows Involuntary Transfers of LLC Membership Interests

By Peter A. Mahler on April 20, 2020

Posted in Bankruptcy, LLCs, Operating Agreement, Stock Transfer Restrictions

The typical dispute among LLC members over membership interest transfers involves voluntary assignments or testamentary dispositions. This week’s New York Business Divorce looks at a pair of cases involving disputes arising from involuntary transfers of membership interests.
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Who Gets to Play the Bankruptcy Card Under Your LLC Agreement?

By Peter A. Mahler on June 3, 2019

Posted in LLCs, Operating Agreement

This week’s New York Business Divorce examines a rare court case at the intersection of business divorce and bankruptcy law, in which the court had to decide whether one of several managing members of an LLC had authority on his own to file a bankruptcy petition on the LLC’s behalf.
Continue Reading Who Gets to Play the Bankruptcy Card Under Your LLC Agreement?