Legal Question in Business Law in Florida
Seizure of Bank accounts follow-up question
Original Question:
I recently defaulted on my company�s (a LLC) lease agreement, can my landlord seize or block my business and\or my personal bank account without my knowledge? If so, how long would that normally take?
Answer:
No. If your LLC was properly formed and properly operated, your personal accounts and assets should be fine (assuming that you did not sign a personal guarantee). There would need to be a law suit before anything could be seized.
Follow-up questions:
I did sign a 12-month Personal Guarantee, so in that case can they seize the bank accounts.
And
Can they seize the business bank accounts?
Would they need to file a lawsuit in those cases as well?
1 Answer from Attorneys
Re: Seizure of Bank accounts follow-up question
They cannot seize the bank accounts without a judgment against you. That would require a law suit.
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