A partner's interest is subject to the claims of that partner's creditors who may obtain a judicial lien known as a(n) __________ against the partner's transferable interest.
A)assignability
B)creditors' rights
C)charging order
D)None of the above.

Question

Quizplus · Accepted Answer

A charging order is a judicial lien that allows a creditor to obtain payments from a debtor's transferable interest in a partnership without gaining any control or decision-making authority in the partnership. The debtor's partner is still entitled to their share of the profits and losses of the partnership, but the creditor can intercept those payments. This protects the interests of the partnership and other partners from being affected by the creditor's claims.

A Partner's Interest Is Subject to the Claims of That