Judgment against a business.

What do I do when a judgment has been filed against me (LVNV Funding LLC) & I don’t have a job?

Asked on June 4, 2009 under Business Law, Florida

Answers:

B. B., Member, New Jersey Bar / FreeAdvice Contributing Attorney

Answered 11 years ago | Contributor

If LVNV was properly formed and run, even if you were the only owner, you individually are probably not liable for the judgement against the business.  Any money in the business bank accounts, or any property (such as a computer) owned by the business, is subject to being taken by LVNV's creditor, but what you have individually should be safe.

However, this isn't always quite as simple as it sounds, and to be sure you understand exactly what your rights and options are here, you should have an attorney review all the facts.  One place to find a lawyer in your area is our website, http://attorneypages.com


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