PDA

View Full Version : Collecting a debt


lunaindebt
Apr 6, 2009, 05:47 AM
I have a corporation in NYS can a personal judgement be collected againts my corp .
I also have a joint account with a minor can thi s account be seized the account has the minors social security number.

excon
Apr 7, 2009, 05:06 AM
Hello lu:

No on your corp. Yes on your joint account. If, however, you receive a salary from your corp, it can be garnisheed.

excon

AK lawyer
Apr 22, 2009, 08:39 AM
Your shares in the corporation can be taken to satisfy a personal judgment against you. How prescisely this can be done can best be answered by someone (such as JudyKayTee, for example) more familiar with NY collections procedures.