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If you have a judgment against the corporation, but believe

Customer Question
the corporation is just one...
If you have a judgment against the corporation, but believe the corporation is just one guy how to proceed to attach liability to the individual owner?
Submitted: 5 years ago.Category: Business Law
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6/4/2012
Business Lawyer: Richard, Attorney replied 5 years ago
Richard
Richard, Attorney
Category: Business Law
Satisfied Customers: 56,025
Experience: 32 years of experience practicing law and a businessman.
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Good afternoon. It doesn't make any difference how many people own the corporation, the corporation is a limited liability and no owner is liable for a judgment against the corporation. Only the assets of the corporation could be attached to collect the judgment. In order to pursue the individual owner, the judgment creditor would have to go back to court and try to obtain a judgment against the individual as well, based upon the concept of "piercing the corporate veil" by showing that the individual owner commingled corporate and individual assets and accounts or that there was some deficiency in the formation of the corporation itself.



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Customer reply replied 5 years ago
I had this much informaiton before I contacted you. I wasted $40.
Business Lawyer: Richard, Attorney replied 5 years ago
I'm sorry....You have no obligation to accept and thus it will have cost you nothing. But, I have no idea what you knew or what you didn't know so I can only tell you what options you have available. Take care.
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Customer reply replied 5 years ago
I agree with my original reply. I got no value from your answer - no reflection on you, but I was looking for soemthing more definitive. Maybe the problem is that I work with attorneys every day and already know quite a bit about the law, but I reiterate I got no value from your answer and I DID get charged for your answer.
Business Lawyer: Richard, Attorney replied 5 years ago
Actually, you did not get charged for this answer. You got charged for a deposit which is still there. Until you accept an answer, the deposit does not get applied. So, I have received no credit for the answer and your deposit has not been applied. If you want a refund of your deposit, you would need to contact customer service.
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Richard
Richard
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Category: Business Law
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