Nevada | Business Law
12/13/99, 12:17 pm
Legal Question
Corporate Bankruptcy
A corporation purchased goods from us and we got "stiffed" for the total due. We tried to collect; they, in turn, filed bankruptcy.
Do we have recourse against them personally? Or as directors or officers of the corporation in a personal manner? Or does the corporation protect them from personal lawsuits? We are aware that this is a Nevada "C" corporation.
So - do we "bite the dust" and learn the lesson from this or can we take further action? Does the corporate umbrella protect all businesses in this type of situation?
Thank you!
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Read More Answered By: Keith Knochel |
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