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  1. 06-02-2009, 01:47 PM #1
    PhoneSeek.Info
    PhoneSeek.Info is offline Junior Member
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    Can a creditor garnish my business bank account for my personal debt?

    What is the name of your state (only U.S. law)? SC

    LLC was formed in SC.

    Can a bank offset my business account from a CHARGED OFF debt related to an old personal account?
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  3. 06-02-2009, 03:17 PM #2
    ariastar
    ariastar is offline Member
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    Not without a court order.
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  4. 06-02-2009, 06:38 PM #3
    ecmst12
    ecmst12 is offline Senior Member
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    If they have a judgement, and you are the owner of the company, then the business and all its accounts are your assets, which are vulnerable to seizure to satisfy a judgement. I don't think it works the other way, I don't think your personal accounts could be attached for a business debt, but that's because the LLC is supposed to protect your personal assets. If the debt belongs to you personally, then the entire company constitutes an asset.
    DISCLAIMER: THIS IS MY SIGNATURE. IT IS NOT DIRECTED AT YOU PERSONALLY.

    Lawsuits are not about justice. They are about MONEY. If you don't want money, then you shouldn't be thinking about suing. And people post here because they are thinking about suing. Because they want money, no matter how much they don't want to admit that to themselves.

    -Auto insurance adjuster for 2 years.
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    If it matters, Ecmst12, I have never seen you be anything other than kind and compassionate.
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