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Are primary residences usually exempt from chapter 7 bankruptcy? I didn't think they were.
Also if his LLC is a sole proprietorship, or he owns 100% of it minus liens, then yes they should take that as well. If it was a company where he didn't hold all shares/ownership, then they should just take his stake.
LLCs can be pierced once it is proven in court that personal assets were purchased from LLC money. I’m not a lawyer but from what I have heard, you can not use LLC as your personal slush fund and hide behind limited liabilities of LLC
Unless your surname is Trump, of course.
The ownership of it is a huge mess, on purpose.
Iirc: it's officially owned by him and his dad, but part of his dad's share is owned through another company that he, Alex Jones, owns and part of his own share is owned by a dummy third company that's officially owned by a sponsor of the show but in reality Alex Jones is the owner..
And that's just the parts of it I remember! There's SO much more deliberate obfuscation!
I'm not sure the ownership situation of the company, but it is also independently in bankruptcy so I think that is being dealt with later
It's state by state, I believe.