I have a judgement against me personally, can the plaintiff ask the judge to do a turn over order on my shares I have in an LLC
Simi Valley, CA |
I have for my % of ownership until the judgement is paid in full? They subpoena my LLC bank acct and discovered I pay personal items from the acct so it entitles them to pierce the veil. Is there any truth to this?
If a turnover order is issued, you don't get your interest back when the judgment is paid.
Comingling coporate and personal assets and obligations is one ground for "piercing the corporate veil".
The above is general legal and business analysis. It is not "legal advice" but analysis, and different lawyers may analyse this matter differently, especially if there are additional facts not reflected in the question. I am not your attorney until retained by a written retainer agreement signed by both of us. I am only licensed in California. See also avvo.com terms and conditions item 9, incorporated as if it was reprinted here.
They can get a Charging Order that instructs the LLC to pay disbursements to them instead of to you.
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