It's probably a reference to "piercing the corporate veil": https://www.nolo.com/legal-encyclopedia/personal-liability-piercing-corporate-veil-33006.html https

It's probably a reference to "piercing the corporate veil": https://www.nolo.com/legal-encyclopedia/personal-liability-piercing-corporate-veil-33006.html https://www.nolo.com/legal-encyclopedia/personal-liability-p... TL;DR: If a judge thinks your corp was just a protective shell, you can be held personally liable for its debts, and your assets can be seized.