Legal Question in Credit and Debt Law in Illinois
Wage Garnishment - Business Owner
I was wondering if somebody is not ''employed'' but owns a small business and gets a judgment against them from a creditor, how would that creditor go about doing any sort of wage attachement?
Asked on 7/18/06, 12:34 pm
2 Answers from Attorneys
Sharon Campbell
Sharon K. Campbell
Re: Wage Garnishment - Business Owner
Per the Texas constitution, wages may not be garnished in the State of Texas. Bank accounts may be garnished post-judgment or a Motion for Turnover may be filed and an Order for Turnover of all proceeds of a business may be obtained post-judgment.
Answered on 7/18/06, 12:47 pm
Peter Bradie
Bradie, Bradie & Bradie
Re: Wage Garnishment - Business Owner
In addition to Ms. Campbell's response, a writ of levy and sale may issue allowing the sheriff or constable to seize and sell the business property.
Answered on 7/18/06, 4:12 pm