Can you file a bankruptcy on debts accured on a corporation after the corporation has gone out of business because debtors are filing law suits on persons which were president of the corporation?
Yes, you can file. I did this personally in 01/2006. Check the laws in your state! Note this first! I am not an attorney! Or anything close to an attorney. Do not take my advice as being the law or being cast in stone!!! I’ll say this again: Check the current laws and check your own state’s laws!!! They may be different. I live in Wisconsin. However, you will have to file personally, not corporately. As you probably already know, they will still chase you personally even if you file corporately. And yes, they can. Also, if there were any other officers, they should probably also file. The reason you don’t file corporately is because your company should just declares insolvency and certainly whatever they try to do to the company is then meaningless. Make sure that you go back in your records to find every single creditor. Don’t leave any stone unturned. Once you file, it will be approx. eight (8) years before you can file again and any creditor you may have missed in your filing can, a
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