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Question

are bank checking accounts-personal protected from judgements or attachments?

Submitted: 17 days and 12 hours ago.
Category: Legal
Value: $28
Status: CLOSED
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Optional Information

State/Country relating to Question: Delaware

Accepted Answer

If the account belongs to the judgment debtor, personal checking accounts may be levied to satisfy a judgment. Good luck. I hope this is helpful.

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Expert: Loren Stone
Pos. Feedback: 98.2 %
Accepts: 
Answered: 11/5/2009

Attorney

Over 20 years experience representing clients in general, transactional and real estate law.

17 days and 12 hours ago.

Reply

does y0ur answer mean that corp. or llc etc are not subject yo levy? only personal accounts?

Accepted Answer

No. A business account may be levied as well if there is a judgment against the business entity. The key issue is the identity of the judgment debtor. If it is a corporation or LLC, shareholders and members are generally shielded from personal liability for judgments against the company. That means that if you have a judgment against XYZ, Inc, you may not seek to satisfy the judgment from the personal assets of an XYZ, Inc. shareholder.

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Expert: Loren Stone
Pos. Feedback: 98.2 %
Accepts: 
Answered: 11/5/2009

Attorney

Over 20 years experience representing clients in general, transactional and real estate law.

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