We are filing personal bankruptcy. We just received a judgement from a creditor against us personally. We have 2 separate business accounts that we are signers on but the accounts are in the Sub S corporate name.

We're concerned that the creditor will try to attach any monies in these accounts- which are operating funds and customer deposits and not just our money.

We live in Florida.

Send the creditor proof of what you have posted, stating that these accounts cannot be seized to pay a Judgment. I'd do it BEFORE they are frozen and wouldn't wait until (if it happens) after.

If the banks are served with garnishment notices they will freeze the accounts until you prove they can't - I would be prepared for that and have the documentation in order.

I would assume an Attorney set up the Corporation. I would also discuss this with that Attorney.

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Originally Posted by abolitionist

We're concerned that the creditor will try to attach any monies in these accounts- which are operating funds and customer deposits and not just our money.

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Hello a:

Certainly, when, and if, your back is receives the court order, they'll SEE that the judgment is against YOU and NOT their corporate account holder. Therefore, your BANK won't go for it. If they do, SUE your bank... But, they won't... Banks are smart..

excon