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Paul Porvaznik – Business Litigator

Case Notes and Summaries of Recent Cases (State and Federal Courts – Illinois Focus)

Tag Archives: sole member

Debtor’s Use of LLC As ‘Personal Piggy Bank’ Leads to Turnover and Charging Orders

Golfwood Square, LLC v. O’Malley, 2018 IL App(1st) 172220-U, examines the interplay between a charging order and a third party citation to discover assets turnover order against an LLC member debtor.  The plaintiff in Golfwood engaged in a years’ long effort to unspool a judgment debtor’s multi-tiered business entity arrangement in the hopes of collecting a …

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Posted byPaulPSeptember 27, 2018September 27, 2018Posted inReal estate litigationTags: charging order, citation to discover assets, corporate litigation, LLC, manager, member, operating agreement, piercing the corporate veil, post-judgment, sole member, turnover order
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