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Old 08-29-2009, 12:38 AM
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Question

Dept collections

Dawn Piccinetti
My boyfriend has a student loan defaulted in New York and wants to open up a bussiness account with his and his partner name on it that he and his friend are starting in Tenneessee.
My question is can they garnish his half of the bussiness account to pay back the defaulted student loans?
Last edited by Rockinbandchic; 08-29-2009 at 02:55 PM.
  #2  
Old 09-13-2009, 04:34 PM
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After obtaining a judgment, how they get to his non-exempt assets will vary, depending on the structure of the partnership, but, without some pretty sophisticated asset protection strategies, they can get to them.
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