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Jack is a limited partner in a FLP . Jack has unpaid bills and creditors are seeking repayment. Which is true? Group of answer choices
Jack is a limited partner in a FLP Jack has unpaid bills and creditors are seeking repayment. Which is true?
Group of answer choices
The creditors can garnish Jacks distributions from the FLP
All of the FLPs assets are accessible by Jacks creditors.
The creditors may not collect from any part of the FLP except from normal distributions to Jack.
No part of the FLP including distributions, may be used to settle Jacks debts.
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