11 April 2022 | 11 replies
If I understand what I’m reading here about MICHIGAN law correctly: 1) the court can charge my LLC with paying the damages awarded a plaintiff. 2) the plaintiff is only entitled to distributions from the LLC. 3) this does not deprive me of any exemptions the LLC enjoys. 4) the plaintiff does not gain membership to my LLC or deprive me of membership and my rights therein. 5) the charging order is a lien that cannot be foreclosed on. 6) this is the exclusive means a plaintiff has of satisfying a judgement against my LLC.Sounds like the same protection you would enjoy from Wyoming.
26 July 2019 | 101 replies
I had good friends/mentors commit suicide when the judgements started coming.I do not over extend myself with leverage as I do not like being at the mercy of interest rates, market pull backs etc.
31 January 2017 | 5 replies
I failed to address your other concern regarding future judgements, liens, and etc.
26 July 2017 | 9 replies
Against my better judgement I went to the place.
10 May 2017 | 9 replies
Remember as an investor, you can't let emotions get in the way of your better judgement.