Q: Is money in an LLC shielded from a personal bankruptcy?
I have 50K invested in my sisters company which is an LLC. If I filed personal bankruptcy would that money be exempt ?
A: That could be looked on as a fraudulent transfer. You should talk to a bankruptcy attorney about when the transfer was made, and if there is anyway to recoup the money.
Ivan Raevski agrees with this answer
A: it would certainly not be protected. you should schedule a consultation with a bankruptcy attorney to discuss your options
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