Description
A New York trial court ordered debtors to turn over membership interests in two LLCs after a foreclosure deficiency. The ruling shows why a charging order is not universally the exclusive remedy.
📄 Read the New York court case discussed in this video:
https://www.nycourts.gov/reporter/3dseries/2026/2026_26027.htm
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In this video, Clint Coons, Esq. breaks down a real New York asset protection case where a real estate investor thought his LLCs were protected—until a creditor went after his ownership interests and the structure failed.
Learn why simply putting rental properties into LLCs may not fully protect your real estate, how charging orders work, how creditors can potentially foreclose on an LLC interest, and why your state’s LLC laws matter when building an asset protection strategy.
Clint also explains how a Wyoming LLC can be used as a blocker entity to strengthen your structure, add another layer of protection, and make it more difficult for creditors to connect you personally to your real estate assets.
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Show Notes:
0:00 Intro
1:38 How His LLCs Became Vulnerable
3:39 How Charging Orders Work
5:41 How Creditors Can Take Your LLC
6:53 Why His Asset Protection Failed
7:54 The Structure He Should Have Used
8:51 Why a Wyoming LLC Matters
10:54 Why Anonymity Protects Your Assets
12:06 Free Tax & Asset Protection Workshop
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FINANCIAL PLANNING & RESOURCES
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CONTACT US
Phone: 800.706.4741
Email: info@andersonadvisors.com
Fax: 702.664.0545
ABOUT CLINT COONS
Clint Coons, Esq. has grown his legal and tax firm to over 400 employees by assisting real estate investors with creating and implementing solid entity structuring plans. His success in these regards is in large part due to his personal investing experience. A successful attorney, real estate investor, and speaker, Clint has used his innovative and dynamic strategies coupled with knowledge borne from experience to help thousands of people save millions of dollars and build real wealth.
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The information provided in this video should not be construed or relied on as financial, investment, or legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.
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