General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal


Real Estate Classifieds
Reviews & Feedback
Updated over 6 years ago on . Most recent reply
LLC and its assets and lawsuit
Lets say I have my little LLC. I separate my personal from llc bank accounts. I keep records, the LLC is alive and does not only live in my desk drawer. I buy properties in the name of the LLC I sell in the name of the LLC, all good. One day I got sued by the city for some grass, garbage accumulation etc for $10k. my LLC was named not me. I refuse to pay lawyers (who 90% of the time represent themselves not their clients) never show up to court so the lawsuit goes default and the judgment is obtained against my LLC. I close my LLC and open another one. Question is : since the LLC is closed and the judgment is pending ..can they go after the assets or attach the judgment to the assets of whoever created the LLC ?