Ask Experts Questions for FREE Help !
Ask
    gonEddy's Avatar
    gonEddy Posts: 1, Reputation: 1
    New Member
     
    #1

    Jul 26, 2011, 04:15 PM
    Can my business account be garnished due to child support?
    Can my business account be garnished due to child support if it belongs to a corporation and my name does not appear in the bank account but I'm 50% share holder in the business
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
     
    #2

    Jul 26, 2011, 05:56 PM

    First its not a good idea to piggyback your question on someone else's. This can lead to confusion. You should start a new thread. So I've moved your question to its own thread.

    No, it can't, but any salary you get from the business can be. Also any dividend payments can be. If you are in arrears or hiding income, you might even be forced to sell the biz.
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
    Expert
     
    #3

    Jul 26, 2011, 08:18 PM

    And/or, if you are trying to "hide" your money in a corporation and use the company bank account like a personal account, i.e. not paying yourself a check but paying for your personal bills from the company account, the court can rule, your corporation is not protected by the practice of use of the accounts

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Can my business account be garnished due to child support? [ 1 Answers ]

Can my business bank account be garnished for child support?

Freeze on both my savings and checking account due to Child Support [ 6 Answers ]

I recently had a freeze put on both my savings and checking accounts due to child support. I adopted my ex-wife's children when they were 2 yrs of age and she has not allowed me to see them whatsoever since I re-located to try and find a job (being that the economy has been in such a horrid state...

Child Support / Garnished salary [ 3 Answers ]

I am going through hell and more to get a child support for my 2 small children, my soon to be ex husband doesn't want to pay and he is lying about how much he makes and because he is illegal no body can prove how much he makes. I heard something called "garnished salary" does anyone know about...

Can Child support be garnished from GI bill? [ 4 Answers ]

Hi, My boyfriend is paying child support to three different women all in different states. (yes he has had a vasectomy) :p They take half of what is left of his paycheck after taxes and health insurance. He gets $360 from an $1100 check. He got a 2nd job to try to stay afloat, and they took half...


View more questions Search