Legal Question in Credit and Debt Law in Illinois

I want to start a business and my brother wants to be involved and have it in his name as well. Problem is he owes medical bills and has been threatened to have a lien placed on his property. Does that mean they can place a lien on the business?


Asked on 1/02/15, 6:38 pm

1 Answer from Attorneys

Jonathan Shimberg Shimberg and Crohn, P.C.

They may have the right to put a lien on his assets. There are various structures that a business can be set up under. Depending on the structure the value of your brother's interest may not be lienable.

Read more
Answered on 1/03/15, 4:55 am


Related Questions & Answers

More Credit, Debt and Collections Law questions and answers in Illinois