Legal Question in Banking Law in Alabama

Officer of a Coproration responsible for Debt to Bank

I was President of a C-Corporation which had a checking account with a local Bank. The corporation owed about $1000.00 in over draft to the bank. The bank has reported this under my social security number to the chex system and consequently, I cannot open an individual checking account. Can the bank report the corporate debt under my personal name.


Asked on 7/22/02, 9:46 pm

1 Answer from Attorneys
Robert Kreitlein Robert Kreitlein, Attorney at Law

Re: Officer of a Coproration responsible for Debt to Bank

I am guessing they reported this debt under your ssn because that was the one attached to the account. If that's the case, why was the account set up that way? A corporate account should be set up using a tax id number. I would need more information before giving a definitive answer but that really shouldn't have happened.

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Answered on 7/23/02, 1:12 pm


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