Arizona Charging Order Subject to Garnishment Limit

The plaintiff successfully sued the defendant in Arizona.  The judgment required the defendant to pay restitution to the plaintiff by way of $300 minimum monthly payments.  This amount later increased to $750 and lo the defendant could no longer afford it.  The plaintiff then sought a charging order against the defendant's limited liability company (LLC) which the court granted. Arizona Law: Charging Order and Garnishment Under Arizona law, "[A] court of competent jurisdiction may charge the member's interest in the limited liability company with payment of the unsatisfied amount of the judgment plus interest."  A.R.S § 29-655(A).  (internal quotations omitted.)  In [...]

By |May 25th, 2016|Categories: Asset Protection|Tags: , , , |
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