Legal Question in Business Law in Nevada

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!


Asked on 12/13/99, 12:17 pm

1 Answer from Attorneys
Keith Knochel Law Offices of Keith Knochel

Re: Corporate Bankruptcy

You should file a creditor's claim in bankruptcy and depending on the status of the corporation and whether your debt is secured or unsecured then you might recover in whole or in part. Please call 1-800-677-1010 for further information or check out www.mohavebar.com or [email protected]. Keith Knochel.

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Answered on 12/20/99, 11:28 am


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