Legal Question in Business Law in Ohio
My husband and I own a small business. It's an L,L,C. We have a judgement against us and their attorney is threatening to take his truck that we are still making payments on. My question is, Can they take it?
1 Answer from Attorneys
Dear Worried: Under the law of Ohio, no creditor can merely "take" your personal ptroperty. The creditor must first record a Judgment Lien and then pursue attachment through additional proceedings required, including attachment. However, your vehicle is protectged based upon your obligation (debt) and the outstanding balance due. You may wish to consider cereditor protection under the bankruptcy laws or the Trusteeship Protection available through your Municipal Court.
Contact an experienced Attorney to advise and assist you, ASAP, for immediate protection and relief. Good luck, God Bless.
J. Norman Stark, 216-531-5310 x7100, 42 Years of expeience...Count on my Experience.
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