What is a Charging Order?
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- Опубликовано: 6 сен 2024
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In this video, Bobby explains that a charging order allows creditors to place a lien against distributions from a limited partnership or LLC to satisfy a judgment, similar to a wage garnishment. He notes that in states like Wyoming that limit creditors to charging orders, LLC managers can choose not to make distributions, blocking the creditor's ability to collect - making charging order protection quite important.
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