Legal Question in Credit and Debt Law in Texas

I currently have a deficiency judgment against me and I'm thinking of forming an LLC to protect my assets. In the state of texas wages can't be garnished but bank accounts can be seized. I'd like to form an LLC in Texas and move my assets under the LLC, will that protect me from this vehicle deficiency judgment?


Asked on 3/07/12, 8:46 am

1 Answer from Attorneys
Donald McLeaish McLeaish&Associates;, P.C.

less expensive to open account or change accounts to have coowner..eg wife/child/parent..etc..as garnishment is only against your funds....good luck

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Answered on 3/07/12, 1:28 pm


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