Owner and manager of EOOD with seizure

Owner and manager of EOOD with seizure

 

Question:
Hello,

If I became the owner and manager of a company - EOOD, but I have a seizure from a financial institution, would it affect the company? Would they seize her as well?
In general, what would happen if I was seized of future receivables and how would it affect the company?

Thanks in advance!

 

Answer:

Hello,

As the form of your company is EOOD, this means that the owner of the shares of the company is not responsible for the obligations of the company, as well as that the company is not responsible for the obligations of the owner of the company (this is written in the articles of association). But the shares you own are your personal property and nothing prevents your creditor from seizing those shares. However, this in no way interferes with the company's activities and it cannot be burdened with your obligations. This lien means that you cannot sell your shares while you have a lien imposed by your creditor.

We hope we have been helpful.

Greetings!