[WSBARP] Execution on judgement

[Robert Pampell]

No.  See RCW Sec. 25.15.256, esp. subsection (5).  Known as "charging order
exclusivity," this subsection was added in the amendments effective 1/1/16.

 

While you are at it, your client should be advised, as should all LLC
clients should be, that single member LLCs "make lousy asset protection
vehicles", to quote a prominent national creditor rights/asset protection
expert.  He was addressing the typical veil-piercing and alter ego flavor of
asset protection, rather than the so-called "reverse veil-piercing" variety
addressed by the section cited above.

 

 



 

Robert Pampell, Attorney

21st Century Law Office (r)

19125 Northcreek Parkway, Suite 120

Bothell, WA 98011

voice: 425-329-2629
fax: 877-640-6403
cell: 425-501-4784
email:  <mailto:rpampell at swcp.com> rpampell at swcp.com

 <http://www.linkedin.com/in/robertpampell>
http://www.linkedin.com/in/robertpampell

 <http://www.21stlawoffice.com/> www.21stLawOffice.com

 

 

 

From: wsbarp-bounces at lists.wsbarppt.com
[mailto:wsbarp-bounces at lists.wsbarppt.com] On Behalf Of Craig Gourley
Sent: Monday, November 06, 2017 3:41 PM
To: wsbarp at lists.wsbarppt.com
Subject: [WSBARP] Execution on judgement

 

Listmates, 

Client has a judgment against him personally and wants to acquire real
property in a single member LLC.  I know the judgment does not attach
directly to the real property.  My recollection is that the creditor can
obtain a charging order against the LLC and any distributions to the member
would go to the judgment creditor.  Can the judgment creditor execute
against the personal property interest of the " membership" thereby taking
ownership of the LLC and the property it contains?   Thanks in advance for
your insight. 

 

Gourley Law Group

Snohomish Escrow

The Exchange Connection

 

1002 10th Street / PO Box 1091

Snohomish, WA 98291

 

360.568.5065

360.568.8092  fax

Craig at glgmail.com <mailto:Craig at glgmail.com> 

 

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