Particularly since debtors have little ability to restrict when they can be placed into an involuntary bankruptcy proceeding, this decision must give the heebie-jeebies to planners whose first line of defense is a business entity to attempt to shield personal assets.

FORBES: Blixseth - Ninth Circuit Bankruptcy Appellate Panel Rules Nevada Is Proper Venue For Involuntary Bankruptcy Against Former Billionaire Because Holding Companies Formed There