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Generally no...the corproation is responsible not you. However some things a corporate officer may be responsible for personally - like withholding and sales taxes...and of course anything signed for personally also, or done with fraud.
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∙ 15y ago
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Can a debt collector sue a small company that is incorporated?
Sure. Depending on the arrangement, the corporation's owners could also be sued personally, under the theory of piercing the corporate veil.
If a former business partner will not pay back a debt which he personally signed for. Can I file a civil lawsuit against him?
Whoever he borrowed the money from can sue him. If he borrowed funds from the business then the buriness sues him. If it was you, then, yes you can sue him.
As POA am I resposible for my mothers debts who is still living?
You are not personally responsible. If you have committed fraud or been negligent in handling the funds they could sue. But the debt remains that of the mother.
Can an out of state debt collector sue you?
Yes, an out of state debt collector can sue you. Many debt collection agencies collect for companies located all over the country.
What is a viable method use to collect outstanding debt?
A method to collect outstanding debt is to take legal action. If you sue or threaten to sue someone for a debt, they are likely to pay.
Can you be sued by the original creditor if the debt is now owned by a debt buyer?
No they can not sue you.
What is doctrine of corporate personality in a company law?
This is simply the doctrine that the directors of a company cannot be personally held liable by the company or shareholder. It distinguishes the company as a 'legal' person that may sue for breach of his or rights.
How long can a debt collection agency sue you in Ohio?
In Ohio, the statute of limitations for debt collection lawsuits is six years for most types of debts. After this time period has passed, the debt collector cannot legally sue you to collect the debt.
Can a credit card company or debt collection agency sue you for an unpaid debt if you no longer live in the country where the debt was incurred?
Yes
What is viable method used to collect outstanding debts?
A method to collect outstanding debt is to take legal action. If you sue or threaten to sue someone for a debt, they are likely to pay.
Can a debtor sue for more than the debt?
The debtor does not sue. The creditor does. And yes, these suits generally include the debt, interest accrued, and the costs associated with collecting, such as attorney fees.
Is a viable method to used to collect outstanding debts?
A method to collect outstanding debt is to take legal action. If you sue or threaten to sue someone for a debt, they are likely to pay.
