Legal Question in Credit and Debt Law in Florida

Re: business bank account

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Not if you are the sole shareholder. The creditors can attach your stock in the corporation. If you are the only shareholder, they can liquidate assets of the company to satisfy the outstanding judgment. Instead of trying to avoid the creditors, you should seek a legal solution to resolve the outstanding judgment.

Scott R. Jay, Esq.

Re: business bank account

It will not protect you.