midsouthps
Junior Member
What is the name of your state? Tennessee
The schdules submitted for an LLC filing chapter 7 list transactions for the last 90 days. The sole member of the LLC was drawing $2,000 per week out of the business for the last 3 months. Can he do that? If not, how do you get the money back into the estate? Is the Trustee responsible? Can a creditor (secured or unsecured) file some type of motion or request to have the court/trustee go after the individual owner?
The schdules submitted for an LLC filing chapter 7 list transactions for the last 90 days. The sole member of the LLC was drawing $2,000 per week out of the business for the last 3 months. Can he do that? If not, how do you get the money back into the estate? Is the Trustee responsible? Can a creditor (secured or unsecured) file some type of motion or request to have the court/trustee go after the individual owner?