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-   -   Can I loose my business over a civil judgement (https://www.askmehelpdesk.com/showthread.php?t=314028)

  • Feb 6, 2009, 03:20 PM
    Bark0111
    Can I loose my business over a civil judgement
    I own my own business and need to know if I can lose it or my income if a large civil judgement is place against me.
  • Feb 6, 2009, 09:43 PM
    George_1950

    Welcome to AMHD. Yes you can lose your business to a personal judgement, which is one reason to incorporate; you are insulated from business debt, and your business is insulated from personal debt. Check this: Why Incorporate?
  • Feb 9, 2009, 02:25 PM
    theresa75495

    If a person was award money judgement and I was awarded the property. And I stop paying because of hassement can they come back and try to take the property back or get my banking account or home? I live in the state of tx and I am very confused? Can some one help me...
  • Feb 9, 2009, 02:44 PM
    excon
    Hello t:

    You should have asked your question on a new thread. It causes confusion. Maybe somebody will come along and move it.

    If somebody has a judgment against you and you don't pay, they might be able to get the property back, you could lose your bank account, and they could place a lien on your home.

    excon

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