Michael O'Malley was the managing member and 90% member of Sheffield Street Group, LLC ("SSG"). Golfwood began to enforce its judgment, by obtaining a charging order against O'Malley's interest in SSG, and seeking to discover the assets and activities of SSG and 3 Squared. The charging order was issued on March 7, 2013, and a dozen days later, on March 19, 2013, O'Malley filed for bankruptcy. Here, O'Malley clearly had access to 3 Squared's assets for his own personal purposes, and for that very reason Golfwood was able to access those access to satisfy its judgment. CITE ASGolfwood Square LLC v. O'Malley, 2018 IL App (1st) 172220-U, 2018 WL 4370875 (Ill.App., Sept. 11, 2018).

Source: Forbes September 16, 2018 16:18 UTC