In Arizona can a debt collector come after my LLC bank account assets if I own only 49% of the LLC?

houseArizona Collection Lawyer Jun 29, 2012

A: This can actually be a complicated question. Sometimes a creditor in Arizona can “pierce the corporate veil” in the context of a garnishment action. We have represented clients in such actions, and sometimes what a creditor can do is surprising. It is also possible, though, that those doctrines wouldn’t apply in this case. A lot will depend upon your specific facts. If you have other questions, you can call my direct line at 480-325-9913.

* This answer does not constitute legal advice. I am admitted in the State of Arizona only. This advice is based on general principles of law that may or may not relate to your specific situation. Facts and laws change and these possible changes will affect the advice provided here. You should not rely on this advice alone, and nothing in these communications creates an attorney-client relationship.

Answered by Arizona Collection Lawyer at Gunderson, Denton & Peterson, P.C.

1930 N. Arboleda, Suite 201

Mesa, Arizona 85213

Office: 480-655-7440

Fax: 480-655-7099

Re-posted from AVVO Legal Questions & Answers.