can they garnish a business account for a personal debt

Discussion in 'Credit Talk' started by brokerman, Jul 25, 2006.

  1. brokerman

    brokerman New Member

    Hello all,

    I am wondering if a bank can garnish a business account (LLC) for a personal judgement if I am not the only one on the account. I am a member of the LLC, but I do not think that they can attach the garnishment to this account....

    Am I right in this assumption???

    Thanks in advance.
     
  2. mouthpiece

    mouthpiece Active Member

    If the bank account if in the name of the LLC (and the EIN of the LLC) then they should not be able to touch it in most states. If you've got a business account under your personal SSN then you're making a big mistake.
     

Share This Page