Legal Question in Business Law in Illinois
Can a commercial creditor seek judgment on personal property if the contract was between corporate entities?
Asked on 10/27/15, 1:14 pm
1 Answer from Attorneys
Lawrence A. Stein
Aronberg Goldgehn Davis & Garmisa, LLC
Probably not. But the judgment creditor may be able to levy on any of the judgment debtor's ownership interest in the corporate entity.
Answered on 10/27/15, 1:17 pm
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