Theresa M. asked
When selling a business that still owes a secured creditor over $300,000.00 but cannot pay them due to insufficient funds from the sale, and the business is now closed with no assets, what legal actions can the creditor take, and who is liable for the debt?
July 14th, 2024
James M. answered
If the business was an LLC or incorporated, the individual owner is generally not liable for busines...
July 14th, 2024
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