Uncategorized

Joint Entities — Charging order could reach LLC interests but not cap the debtor’s salary

The Court of Appeals separated the permissible collection devices from the overreach. Cobham could not assert another entity’s personal-jurisdiction defense, and a nonparty entity could not prosecute an appeal in its own name. North Carolina’s LLC charging-order statute allowed the court to charge Cobham’s economic interest in the entities, but it did not authorize a $2,500 monthly cap on salary. Salary paid for serv