Legal Question in Credit and Debt Law in Ohio

judgements on stocks

can your stock be taken if you owe money to a creditor


Asked on 3/10/07, 8:01 pm

2 Answers from Attorneys
Mark Chuparkoff Chuparkoff & Chuparkoff

Re: judgements on stocks

Yes. Any asset can be taken with the exception of any ownership in LLC's. As such, should this stock be of your own company, or a local company, you'd be better off starting an LLC in lieu of an S Corp or C Corp.

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Answered on 3/11/07, 8:46 pm
Frank Rozanc Frank J. Rozanc, Esq.

Re: judgements on stocks

Yes, if the creditor is made aware of it through a debtors exam. The creditor can then attempt to attach said assets.

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Answered on 3/10/07, 8:31 pm


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