Legal Question in Credit and Debt Law in New Jersey
All assets hidden behind corporate/llc veil
We have a large judgement against two indiviudals for money owed, interest owed, and fraud penalties. The judgement originated in NM where the fraud took place and has been domesticated to NJ where the indiviuals live and work. We have been trying for over two years to collect on this and have worked with collection agencies. The main thing the collection agencies have found is that there are numerous partnerships and bank accounts with their names attached but they are all corp/llc type assets. Also, their spouses have properties in their names, instead of having jointly owned properties. What else can we do? How do we pierce this corporate veil? They owe us over $800K. We would appreciate any advice you have for us.
2 Answers from Attorneys
Re: All assets hidden behind corporate/llc veil
You have provided a limited amount of information and we would need to actually see a copy of the judgment before we can determine if we can assist you. Also, who domesticated the judgment in NJ for you? Bruce Gudin, Esq. www.lep-lawyers.com
Re: All assets hidden behind corporate/llc veil
For this amount of money, you should hire both an attorney who will give it some serious time and effort and also an investigator to really pursue.
You have given only a small amount of information, but I will assume that you have judgments against two persons individually, not just against their company or companies. You mentioned fraud: that is useful, because often the debtor will file a bankruptcy to evade the judgment, and in many circumstances a judgment based on fraud will NOT be wiped out in the bankruptcy. This sounds like a matter of pursuing and pursuing, and not letting go until you get some results. Using collection agencies in these circumstances is a waste of time.
I would be pleased to assist you. I personally have pursued numerous judgment debtors, and have been doing so since 1988. Please call or email.
Bob Davies, Attorney
Related Questions & Answers
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
