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· 2/17/1994

Pyshos v. Heart-Land Development Co.

Citations

  • 630 N.E.2d 1054
  • 258 Ill. App. 3d 618
  • 196 Ill. Dec. 889
  • 1994 Ill. App. LEXIS 204

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

  • court reviewed merits of new action to pierce corporate veil to collect workers’ compensation judgment from corporation’s shareholders
  • “[A] party who has secured a judgment against a corporation may not seek to pierce the corporate veil in supplementary proceedings.”
  • court reviewed merits of new action to pierce corporate veil to collect workers' compensation judgment from corporation's shareholders
  • supplementary proceedings concern whether the debtor possesses assets that should satisfy the judgment or whether a third party holds those assets
  • supplementary proceedings limited to determining whether the judgment debtor possesses assets subject to the judgment or whether a third party holds such assets
  • “[A] judgment creditor may choose to file a new action to pierce the corporate veil to hold individual shareholders and directors liable for the judgment of the corporation.”

Source: CourtListener parenthetical corpus (CC0).

Judges: Theis

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This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.