Crazy ex wife wants to put lien on property

[Asury Johnson]

I have a partner who went through a nasty divorce right before his investing business took off. The judge requested that my partner pay all court fees and her attorney fees, totaling in over $20k. My partner's lawyer put in a motion to appeal it. (Not sure if this is the right terminology) while he's waiting for his court date, the ex's attorney puts a lien on his properties which are all under his S Corp and not personal name. I know this a little crazy and of topic, but now he's freaked out and doesn't want anything in his name or business. He thought the whole purpose of having an entity was to keep business separate from personal.

[Tom Gimer]

It seems he chose the wrong entity type for asset protection. To my knowledge there is no charging order protection for S corps like there is for LLCs. Better win the appeal or be prepared to pay up and keep the corp out of this.