There is no indication that such a bankruptcy has been filed. If it were properly managed as an LCC then all funds would be deposited in the LCC account and then dispersed as needed from there. We will hope that was the case because there's a very nasty word starting with the letter 'e' for pocketing said funds and not depositing them. Certainly any board members who are signatories on said account need to be talking to lawyers (not the same lawyer). Even the ones who aren't probably ought to be as well. Staying off social media is also a given. A bankruptcy stops civil proceedings, but not criminal and there could well be criminal acts in this case.
There is no indication that such a bankruptcy has been filed. If it were properly managed as an LCC then all funds would be deposited in the LCC account and then dispersed as needed from there. We will hope that was the case because there's a very nasty word starting with the letter 'e' for pocketing said funds and not depositing them. Certainly any board members who are signatories on said account need to be talking to lawyers (not the same lawyer). Even the ones who aren't probably ought to be as well. Staying off social media is also a given. A bankruptcy stops civil proceedings, but not criminal and there could well be criminal acts in this case.