Legal Question in Business Law in New York
Lien on checking account for non payment
Our company provided consulting services to a .com company. Last six months payments had been spotty and now company is out of business. They sold all their assets but it seems that owners who personally guaranteed some of the equipment plan to use these moneys to pay themselves first. Can we put a lien on their checking account so they can't use any money (up to our balance) without our consent or some legal proceedings?
Asked on 10/15/01, 10:19 pm
1 Answer from Attorneys
Norman Nadel
Norman Nadel, Esq.
Re: Lien on checking account for non payment
No!
You must get a judgment first.
You, and two other creditors, can force the company into bankruptcy or bring about an assignment for the benefit of creditors
Answered on 11/22/01, 10:55 am
Related Questions & Answers
-
Do I need to have contracts? I am starting a house sitting business for a side thing... Asked 10/05/01, 10:33 pm in United States New York Business Law
-
Small claims useable by corporations? Our company needs to colect on unpaid debts.... Asked 9/26/01, 11:03 am in United States New York Business Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
