A charging order allows a creditor to receive the distributions of a debtor’s business to the debtor in order to pay off a debt. This allows the creditor to stand in the shoes of the debtor when receiving any money from the business. Charging orders apply to LLCs. However, you cannot foreclose on a debtor’s LLC interest, you can only go after their portion of the business’ distributions. If you find yourself in this situation, contact our law office at 816-524-4949 or www.Hoorfarlaw.com.
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