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    LSK123's Avatar
    LSK123 Posts: 1, Reputation: 1
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    #1

    Mar 7, 2009, 05:48 PM
    Personal garnishment
    I have a personal judgement against me for a previous credit card debt. The court sent me a letter informing me that if there is anything over $400 in my personal bank account then they will take a percentage. I recently started a sole proprieter LLC for an at home business that I am about to start. I opened a small business checking account today in the new business name with the state and federal I.D. numbers, but my name is still on the acccount. I was told by someone that if you have an LLC then personal garnishment cannot be taken from the business account because you are protected by the LLC. Is this true?
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #2

    Mar 7, 2009, 06:02 PM

    As long as you don't use the business account for your personal money. It has to be business only.
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