Cascading Charging Orders

Site.TopicsCascading History

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August 28, 2023, at 04:34 PM by 50.159.12.10 -

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So, debtor owns an interest in LLC-A, and LLC-A owns an interest in LLC-B. A judgment creditor applies for a charging order against the interest in LLC-A and in LLC-B. This is improper; the charging order may only be issued against the debtor's interest in whatever LLC the debtor owns, being LLC-A only, but not against an LLC interest not owned by a debtor, meaning that the charging order against LLC-B would be improper.

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August 28, 2023, at 04:32 PM by 50.159.12.10 -

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~~TEXT~~

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A ''cascading charging order'' is one that attempts to place a charging order lien upon an LLC or partnership interest that is owned by another LLC or partnership interest which is owned by the debtor.

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August 28, 2023, at 04:29 PM by 50.159.12.10 -

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!!~~TEXT~~ OPINIONS

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!!CASCADING CHARGING ORDER OPINIONS

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August 28, 2023, at 04:28 PM by 50.159.12.10 -

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(:title Cascading Charging Orders:)
(:Summary: Cascading Charging Orders:)
(:description Cascading Charging Orders:)
(:keywords charging order, Cascading Charging Orders:)
(:linebreaks:)
[[!Cascading]]
[[<<]]
[[<<]]
TEXT
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!!TEXT OPINIONS

(:pagelist link=Category.Cascading list=normal fmt=title:)

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