Helping you make smart bankruptcy decisions

How will my LLC Partner's personal bankruptcy affect me?

My partner in an LLC is personally filing Chapter 7 Bankruptcy. If I am unable to continue making payments on the property we own as an LLC alone and this property goes with him in the bankruptcy, how will it affect me personally?

It depends if you've individually guaranteed the loan for the property. BTW his interest in the LLC goes into the BK, not the property the LLC owns.