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The judgment would have to be presented to the bankruptcy court. Wow! Who mentioned bankruptcy? This is a money judgment against a admin dissolved corp. If bankruptcy had been filed the judgment, if listed, would be discharged and worthless.
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∙ 14y ago
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What happens to a corporation's license if the corporation is dissolved?
What type of license are you referring to? If the corporation is dissolved, everything relating to the corporation would also be voided. This would vary based on regulations of the state that the corporation is registered and based in also.
Can a corporation bankrupt after it is dissolved?
No, once it is dissolved, it doesn't exist...it can't do anything at all.
What is a major advantage of a corporation?
A major advantage of a corporation is the limited liability of the owners. When a stockholder dies, the corporation is not dissolved.
What if a corporation has been dissolved administrativly?
Then it no longer exists.
Can a dissolved corporation sue?
A dissolved corporation is no longer an entity. I can't imagine how it can enter a legal action, unless the entity was assigned to an agent or one of the original parters.
How long can a lien be held against a corporation if its dissolved?
a dissolved corporation is not a corporartion. a superior court judge will hear any case to see if the "veil" of the corporation can be punctured. If so, the lien holder can sue the officers separately.
Can you sue a dissolved corporation in Georgia?
For a time, yes. Depending on the nature of the claim and how the corporation was dissolved, the claim is barred after a period of time, basically 2 years or 5 years.
Can a judgment be collected on ones spouse in Ohio?
if a judge issues the judgment than yes but I hardly see the point.
In Arizona can a judgment from a previous divorce be collected from the spouse of a new marriage?
no
How long can a civil judgment be collected in North Carolina?
Ten Years.
How do you collect a judgment in Massachusetts?
You can't really collect a judgment unless you are going to use a collection service. You can also ask the court for a garnishment. Having a judgment does not mean that is automatically collected.
Can personal property be seized from the president of a corporation that has a judgment against it?
No personal property of an indivual officer of a corporation may be seized to pay a corporate debt. This is so even if that individual is the person responsible for the claim against the corporation. As long as the judgment is against the corporation, only corporate assests may be seized. Sometimes plaintiffs in actions against corporations try to get judgments against the individual officers or shareholders as well as the corporation itself by means of a legal theory called "piercing the corporate veil". This is usually not successful. But even if the plaintiff were successful and got a judgment against the corporation and the individual, the individual's property would not be subject to seizure because of the judgment against the corporation. His/her property would be subject to seizure because there would be a judgment against him/her personally. This is the whole purpose of the corporate structure to begin with, that is, the ability to run a business without fear of personal liablity.
