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What happens to a garnishment when the company is sold to a new owner?
By garnishment I believe you are referring to a lien on the business assets as a wage garnishment would affect employee wages and a bank levy would affect a bank account What ultimately happens depends somewhat on how the company is sold: If the company's assets are being sold but the seller is retaining its ownership shares in an LLC (single owner or partnership) or a Corporation, the seller would have to pay off the lien from the sale of the assets or the assets would not be able to be sold to the new owner as this is the purpose of a court ordered lien in the first place. If shares of the company itself are sold the lien in place would likely transfer to the new shareholder unless the lien was on the seller as an individual instead of on the company itself. When the company sells any assets such as a company vehicle the lien could then be enforced. in some cases it is also possible to force the sale of certain assets to satisfy a judgment. If you are referring to the wages of an employee that are being garnished after the sale a similar thing would be in effect. If the assets are sold only, the new owner is essentially forming a new company. Since the employee would be working for a new company, a new garnishment order would have to be served on him before the garnishment would take place. If the shares of the company were sold, the garnishment would continue to be enforced.
How long can a tow company place a lien on your licensr?
A lien can be placed on the vehicle after due process is followed according to the law in which the incident took place.
Can a lien be put on a co op?
The answer is yes. The lien is typically collateralized by the cooperative shares.
What the difference between lieu and lien?
lieu means "place" as in "in lieu of" means "in place of" where lien means "hold". A person or company may put a lien on your property for monies owed them. They now have a stake on your assets.
Can an employee place a lien on an employers vehicle for back wages if the vehicle is used for work?
Ask a lawyer. You probably have to sue first and if you win then you can place a lien of the company's assets.
How can I purchase shares of a public company?
To purchase shares of a public company, you can open a brokerage account with a financial institution, research the company you want to invest in, place an order to buy the shares through your brokerage account, and then monitor your investment.
Can a California tow truck company place a lien if the tow was requested by a police agency?
Yes
Do utilities have the right to place a lien against your property?
If you owe overdue utility charges the utility company can sue for payment and record a judgment lien if it prevails.
How do I sell shares in a company?
To sell shares in a company, you typically need to have a brokerage account. You can place a sell order through your broker, specifying the number of shares you want to sell and at what price. Once the order is executed, the shares will be sold and the proceeds will be deposited into your account.
Is buying and selling shares an investment?
lien marking for buying investment
Does an insurance company have to pay the lien holder directly after an auto accident?
An insurance company generally does not pay the lien holder directly. The vehicle owner is responsible for paying for insurance coverage and will often deal with the insurance company themselves after a collision has taken place.
What happens to the lien on car when the company no longer exists?
If the company holding a lien on a car ceases to exist, its assets are usually bought up or inherited by another company. A lien is an asset, so the lien continues to exist and you pay the money to the new owner. If the lien is held by one company but the car manufacturer ceases to exist, the lien stays the same.
