A partner's transferable 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)foreclosure
B)redemption
C)charging order
D)None of the above.

Question

Quizplus · Accepted Answer

A creditor can obtain a judicial lien known as a charging order against a partner's transferable interest. This allows the creditor to receive any distributions that the partner would have received from the partnership until the debt is paid off, but does not give the creditor any management or voting rights in the partnership. Foreclosure and redemption are not applicable in this context.

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