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?
Answer
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.
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