. :)  but my equity share is controlled via debt or direct ownership. 

Two years later I offered the debtor a slight discount to pay me off and he took e up on it.  

Hey @Christopher Eduardo, Please talk with a tax lawyer to make your final decision, but in general: In a Chapter 13 bankruptcy, a debtor creates a repayment plan to gradually pay off their debts over a specified period, usually three to five years.

Is the LLC going to be getting the loans or debt or will you still carry it in your personal name?

Any reduction in debt or cash received might be treated as "taxable boot," potentially resulting in tax liabilities.

I see way too many people in their 60’s who’ve spent every dollar as they’ve made it and are going to be facing either debt or a severely reduced quality of living going forward if they ever retire.

The bankruptcy courts decides what you sell and what you pay to repay your debtors.  

I'm a big Dave Ramsey fan, so I believe no debt (or very short term, low LTV debt on flips) is the way to go, and it seems like you're on a great path! 

We will consider other opportunities that need bridge debt or development/larger repositions, but - as with all things in life - the increased risk demands increased reward.

Just trying to understand:)I know some folks that do this quitclaim back to debtor (borrower, previous owner, whatever you want to call them) if unable to negotiate adequate discount, do you ever quitclaim back?