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Can your assets under your LLC be protected from your personal credit card debts? |
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Probably. Assuming it was a legitimate transaction done before any legal action was taken by creditors. If a creditor had already filed a suit, it might be seen as a fraudulent conveyance and LLC protection would be voided.
First answer by anonymous. Last edit by Nikki. Question popularity: 51 [recommend question]
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Will your llc keep your assets safe? Does an llc protect your personal assets? Can LLC not pay you to protect your assets? Can llc bankruptcy effect your personal credit? Can a creditor garnish assets of a LLC Partner?
