Legal Question in Credit and Debt Law in Michigan

If you have a judgment against you personally for credit card debt, can they also attempt to collect from you business accounts in which the business is a LLC?


Asked on 9/24/09, 10:01 am

1 Answer from Attorneys
Jesse Sweeney Sweeney Law Offices

In many cases yes, because the LLC would probably be considered an asset of yours. Additionally, if you transferred money into the business accounts in order to AVOID creditors, that would be a problem and considered a fraudulent transfer.

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Answered on 9/30/09, 11:43 am


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