So, when things go bad, your LLC or Company declares Bankruptcy and you play hard ball with the Banks to try and restart or close up shop and start again.

The umbrella limits are used when the underlying (primary) limits are exhausted in a claim.Your Condo Declarations and Bylaws will determine what the Association needs to cover.  

1) I recently put a down payment of $12K for a company to redo my kitchen but since the company has declared bankrupt.

So the IRS has declared that husband/wife LLCs in non-community property states cannot be disregarded entities. 

It would be his responsibility to prove otherwise.VALUABLES remaining: post a notice on the door declaring the unit abandoned and that you intend to enter and clean it out.

All this does is give the option buyer the first right of refusal...it isn't a down payment.You're running the risk of having a really new/bad lawyer step in and declare your agreement(s) to actually be a land contract, and ALL of the rent gets credited towards the purchase. 

@Richard Quijano, Only if the president has declared a state of emergency. 

But as everyone says, I do need to practice the muscle.  

Subsequently the mother was declared incapacitated and her son is now exercising the power of attorney.  

They normally want to see tax returns to back up the income claims and everyone wants to lower their tax burden, so most people aren't declaring taxes on all the income they want the bank to use for underwriting.