One of the benefits of forming a separate legal entity such as a corporation or limited liability company (LLC) is that owners generally cannot be held personally liable for breach of company contracts. The Maryland Court of Special Appeals has recently ruled in Serio...
In Roberson v. Ford Motor Credit Co. LLC the Maryland Court of Appeals held that Creditors can require that individuals filing bankruptcy execute reaffirmation agreements if those filers or debtors want to keep their motor vehicles. Reaffirmation agreements "reaffirm"...