Tag: Creditors

Creditors And LLCs – Reverse Veil Piercing

David C. Tingstad, Edmonds Lawyer
David C. Tingstad
Oct 21, 2020
In keeping with last week’s theme, this post discusses reverse veil piercing. Reverse veil piercing is the process by which an entity’s assets may be used to satisfy a judgment against a member/shareholder/partner in their individual capacity. Reverse veil piercing is the opposite of corporate veil piercing, where the assets of the member/shareholder/partner may be… Read More

Creditors And LLCs – Charging Orders

David C. Tingstad, Edmonds Lawyer
David C. Tingstad
Oct 14, 2020
Collecting a judgment is always a challenge, especially when the judgment debtor holds an interest in an LLC.  This article delves into the exclusive remedy available to creditors against judgment debtors with interests in a limited liability company: the charging order. Statute The charging order is a statutory remedy established by RCW 25.15.256 and available… Read More