- 11 U.S.C.
In re Ellis
Oct
27
2011
Ruling
Non-economic interests in LLC were property of the estate notwithstanding state law.
Procedural posture
After a Chapter 7 debtor sought exemption of his membership interest in a limited liability company (LLC), a creditor objected, arguing that the debtor failed to list the value of that interest. The debtor amended his schedules to reflect the value of his interest in the LLC as zero.
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Court
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