0
Can a business that is closed still try and collect money owed?
Wiki User
∙ 12y ago
Usually when a business closes it still has some assets, including accounts receivable (i.e.: money which it is owed), and those assets will be acquired by somebody. So the business that is closed isn't collecting money owed, but those debts can still be collected by someone.
Wiki User
∙ 12y ago
Wiki User
∙ 10y agoYes, both where the debtor is a company that is closed and where the creditor is a closed company.
Debts have to be settled unless a formal bankruptcy is the reason for closure and even here the receiver will try to collect money to pay creditors.
Add your answer:
Earn +20 pts
Is Dogpatch USA still in business?
No, Dogpatch closed in 1993.
Are waring and gillow still in business?
No, the company closed in 1997.
Can rent a home i own and still collect ssi?
You can rent a home and still collect social security money. Social security money is meant to be a subsidy and not your only source of income.
Is high voltage tattoo shop still in business?
no according to yelp its closed
Invalid check is it still money owed to you?
If the check is invalid, then the debt has not been settled. The money is still owed to you and you can collect it in another form.
Is the Boyertown Casket Company still in business?
Boyertown closed down at the end of the 1980s.
If you are starting your own business in Illinois but are still available for work can you continue to collect unemployment?
yes you can
Can you collect unemployment if you inherit money?
Yes, you are still unemployed. Obama loves giving away money and doesn't mind if you get other money.
Is seattle film works still in business?
Seattle FilmWorks was renamed PhotoWorks.com and closed in 2011
Credit card account closed by the grantor can they still charge interest?
Yes, as long as you still owe money.
Can you still have a job and collect money from the state?
no , dont rip off the rest of the tax payers
If a business closes do you still owe owner money?
Of course you do.
