Legal Question in Credit and Debt Law in New York

a judgement was taken against my small busines can my oersonal property be taken


Asked on 5/07/11, 10:43 am

1 Answer from Attorneys
Paula McGill Paula McGill Attorney at Law

As a general rule, no.

However, if you co-mingled assets, personally guaranteed the debt, or engaged in questionable transfers from the business to your account, you may be responsible for all or a part of the judgment.

NEW YORK OFFICE

1225 Franklin Avenue

Suite 325

Garden City, NY 11530

Coming Soon --- Office in Manhattan

Read more
Answered on 5/07/11, 3:48 pm


Related Questions & Answers

More Credit, Debt and Collections Law questions and answers in New York