0
Can a member of a partnership file for a involuntary bankruptcy if the partners will not?
A chapter 7 case begins with the debtor filing a petition with the bankruptcy court serving the area where the individual lives or where the business debtor is organized or has its principal place of business or principal assets. (http://www.uscourts.gov/bankruptcycourts/bankruptcybasics/chapter7.html#work) Yungbluth v. slippers A Partner can make an assignment of the firms assets for the benefit of the creditors that will bind the firm. (http://books.google.com/books?id=fY89AAAAIAAJ&pg=PA180&lpg=PA180&dq=yungbluth+v+slippers&source=web&ots=kC_Z9IY5_K&sig=kvp8XJzgxKSYI4MbB4Uw0R1J500&hl=en)So yes, the debtor can file a PETITION for involuntary bankruptcy.
What else can I help you with?
Can a partnership firm become member in company?
Yes, a partnership firm can become a member of a company, typically through one of its partners acting on behalf of the firm. However, the partnership itself does not have a separate legal personality, so the individual partners would generally be the ones registered as members. The company's articles of association may specify the conditions under which a partnership can be a member, so it's essential to review those documents.
What is partnership deed?
A deed of partnership is a form of deed that is used to transfer real property that will be owned by a partnership. The grantees must be identified as partners in a business partnership on the face of the deed. That type of conveyance creates a tenancy in partnership, which is a survivorship arrangement. Generally, if a member of a partnership that owns real property dies their interest in the real property passes to the other partners.You should check with an attorney in your jurisdictions for the rules in your state.
Can a partnership be a member in a S-Corp?
Members of a partnership. First member is sole owner llc, 2nd member is an S-Corp owned by the same person that owns the llc. Will this meet the requirements of a partnership?
Advantages of joint-venture over partnership?
If taxed as a partnership why is a joint venture different. why is it not considered a partnership too Can a member of the joint venture spend whatever they want without consulting the other member
Can you sell your portion and be out of a joint venture?
Possibly. It depends, in part, upon the structure of the venture. For example, in a partnership, you may need unanimous consent of the other partners before offering your portion outside of the partnership itself. If the joint venture is merely a contractual relationship between two companies, the contract will often prevent either member of the joint venture from disposing of its interest without the consent of the other member.
Was Iraq a member of the NATO?
No, Iraq is not a member country of NATO, but NATO does have a special partnership with Iraq.
What is a sailors partners called?
Crew or a crew member.
Is partners a noun?
Yes. A noun is a person, place, thing or idea. A partner is a thing. And person. The word 'partner' can also be used as a verb; the action of being someone's partner, or to make two people/things partners. For example: 'The student decided to partner with his best friend.' 'The teacher decided to partner two students whom she believed would work well together on the project.'
Differnetiate between joint stock company and partnership firm?
In my opinion, In JV, the agreement is for a definite period and the entities having the JV have to bind legally, where as in Consortium, it is only for a specific project ,even though the consortium is for a definite period, lt may not stand legally.
Is Ringo Starr a member of The Beatles?
Despite The Beatles' dissolution of partnership 42 years ago, yes, he still is a member of The Beatles.
Who is Dominic j giancana?
A high ranking member of the Chicago Outfit and The Detroit Partnership.
If you have two financed vehicles can you keep them both in a bankruptcy as long as you make the payments?
When you go into business/personal bankruptcy that means you have to give up everything. However, before claiming bankruptcy many people hide things or sell off vehicles to a trusted family member or friend. This way you can actually buy the car back at a later date. People who own companies often put their home, properties, etc., in their wife or husband's name and thus, the courts can't touch these items. Believe it or not, in business (not personal bankruptcy) you can start all over again under other partners or under a different company name. Sad, but true. Personal bankruptcy is much less lenient.
