Legal Question in Bankruptcy in Illinois

Question is regarding corporate bankruptcy. A family member had a business, I worked for this company until it unfortunately could not substain itself and eventually went out of business. I in turn went and opened my own business, however a vendor who didn't have a contract fulfilled filed a lawsuit against my company and myself. I hired a corporate attorney to handle the case, the plaintiff attorney dragged this out 5 years before we could get our motion in. For obvious reasons I won the motion to dismiss, but at a heafty price. I was told I could not seek attorney cost because I was related, the Plaintiff had a reasonable suspicion. In the time this took place I was scared to really try and push my business forward and eventually due to attorney fees could not keep my business running and am now working a job, but still trying to pay what I can. I appreciate the work my attorney did on the case, but I have paid a lot of money and can no longer continue. Can I do a corporate bankruptcy for these cost without affecting myself personally?


Asked on 11/08/11, 11:35 am

1 Answer from Attorneys

Roseanne Lynch Bankruptcy Counselors, Ltd

The answer will depend on whether you had signed the retainer personally or in capacity for the Corporation. You would have to let an attorney get some additional information from you to determine the options.

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Answered on 11/08/11, 12:01 pm


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