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Personal Liability Corporate Dissolution

Gray Reed

Your Shuttered Business: Bankrupt It, Dissolve It or Walk Away?

Gray Reed on

After reluctantly shuttering her family owned Widgets-R-Us last month due to insufficient profits to pay even the secured debt, Susie Sears is now dealing with disbelieving unsecured creditors. What should she do?...more

Hinshaw & Culbertson LLP

A Cautionary Tale: Members of a Defunct LLC May Have Liability For Attorney Fees

Hinshaw & Culbertson LLP on

In CB Richard Ellis Inc. v. Terra Nostra Consultants the California Court of Appeal for the Fourth Appellate District decided an interesting issue concerning the liability of an LLC member for a fee award imposed against the...more

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