I owned an S Corporation for 12 years, closed it this year. I had signed personally on a loan which is now in default. They have sent documentation that they are filing a lawsuit against me. The defunct company owns no property and has no assets. I own other companies that own property. Are these companies protected if I am the owner of these companies? Please advise. I would prefer to work out a settlement with them. Is this possible?
1 Answer from Attorneys
I would like to see the company's start-up docs. My office handles these types of small business matters regularly. Please contact me for a free initial consult.
Vaseem S. Hadi
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