Legal Question in Business Law in South Carolina

closing a company and debt

I have a small incorporated medical supply company in SC. I have a large amount of debt and I don't think I am going to be able to make it out of the hole that I am in. What happens with the debt to vendors if i close the business?

Asked on 2/19/08, 6:27 pm

1 Answer from Attorneys

Ray Lord Lord Law Firm, LLC
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Re: closing a company and debt

You may have several options to try and minimize your exposure, but you should consult with an attorney that deals with this kind of thing on a routine basis. For a free and confidential consultation, please contact my office.

Ray Lord

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Answered on 2/19/08, 8:46 pm

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