A creditor may reach 100% of an LLC's distributions to a debtor. However, a creditor may only reach 25% of a debtor's wages after tax withholdings. That's a big difference. But in the context of an LLC where a debtor performs labor, is the money received therefrom to be characterized as a distribution or as wages?
Two dentists, Sharon Cobham and Nicole LeCann, formed a limited liability company called Joint Entities, LLC. Through that entity, Cobham and LeCann ran various dental practices from 2000 to 2010. READ MORE
