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Updated over 8 years ago on . Most recent reply

Steve Al's profile image
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Steve Al
  • from NYC, NY
  • Member since Nov 3, 2016
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Steve Al's profile image
Steve Al's profile image
Steve Al
  • from NYC, NY
  • Member since Nov 3, 2016
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Steve Al
  • NYC, NY
0
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7
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General Landlording & Rental Properties

Protection under bankruptcy?

Steve Al
  • NYC, NY
Posted
I'm new here and I'd like to know if I apply for a business loan and the business goes south, if I file for bankruptcy would that affect a rental property that I might have under a seperate LLC? To be clear the 2 businesses would be completely seperate fields. Would a trust further protect the rental property? Thanks.
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Sai T.'s profile image
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Sai T.
  • Investor
  • from West Chester , PA
  • Member since May 4, 2011
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Sai T.'s profile image
Sai T.'s profile image
Sai T.
  • Investor
  • from West Chester , PA
  • Member since May 4, 2011
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Sai T.
  • Investor
  • West Chester , PA
138
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609
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Sai T.
  • Investor
  • West Chester , PA
Replied

@Steve Al You are planning take 10 steps back before even taking a step forward ?

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