Legal Question in Bankruptcy in Virginia

We sold a company under corporate umbrella. The principal filed personal bankruptcy. Can we take payment from the corporation?

Asked on 9/21/11, 8:32 am

1 Answer from Attorneys

Michael E. Hendrickson Attorney & Counsellor at Law

Would seem to depend upon whether the corporate entity assumed any

liability under the terms of the sale of your company for which

you may need to consult with an attorney to review the paperwork

involved in the transaction as well as any other relevant facts related to

it.

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Answered on 10/03/11, 10:33 am


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