Going After Someone’s Ownership in a Business

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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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