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Thank you everyone
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I have been beyond stressed to the point I was considering painting the ceiling. I have posted here a few times looking for a way out. Lawyers have been a nightmare and no one could give me an answer. I met this great lawyer who is familiar with my exact situation. We are doing the following:

We are dissolving the business and reopening a ā€œsimilar businessā€

Shuttering that LLC and its assets. The new LLC will pay market value for those assets and that money will go to its creditors.

Iā€™m filing chapter 7 bankruptcy as well. I have other debt that has been eating me alive. My home is in my wifeā€™s name and heā€™s going to protect all the assets we can. At this time is seems like the only thing Iā€™m losing is my boat.

My lawyer is charging me $10,000 for this entire process. It might be high might be low but I am confident in his ability to remedy my issues after speaking with him. He seems to be very confident in our pathway forward.

I want to say thank you for everyone that has helped me and I look forward to updating you in the future.

Bankruptcy is scary but Iā€™m glad to finally be in a good final direction.

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Good info. Thank you for sharing. Please follow up.

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Posted
10 months ago