It's unlikely, but you could do it. After going through the trouble of bringing a suit -- once you have the judgment against them, you'd have to get in line behind the other creditors. :(
Unless they are in bankruptcy it's a free for all once judgement is granted. There is no line and can be collected on by any legal means. I used to work for a lawyer who primarily did collections of business accounts, some of which we personally garunteed, depending on the age/credit of the business.
