I had an old debt that came to haunt and at one major bank I had my personal account and a LLC with separate tax ID. The bank took entire money from my LLC and gave to sheriff that came with the writ for my judgement. Thats illegal. How can they do that? It seems I can’t even get money back. Bank is saying oops it’s gone. The debt collector is not responding. They asked if that was my business and you own that money and also liable for this judgement. What can I do? What are my rights? Looking for California laws regarding this judgement collection from business account. Please help.
If the account had your social security number the levy was validly processed.
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The LLC can file a claim of exemption. You should have documents showing that it is, in fact, a separate entity, with a different tax ID number. Does it file its own tax returns, or are its finances included on the Schedule C that you file with your tax returns. You should get a copy of the written agreement that you signed with the bank when you opened the account. If the Claim of Exemption is not accepted, you might consider having the LLC bring an action against its bank.
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