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What else can I help you with?
What risk do stockholders face if a corporation goes bankrupt?
Stockholders face the risk of losing their investment if a corporation goes bankrupt.
Who is responsible for a corporation debt?
the corporation
Who is responsible for a corporation?
The corporation is responsible for the corporation's debt. Normally, there is a financial officer who pays the bills. If the corporation fails and goes bankrupt, people simply do not get paid. If the company is bankrupt and there is money, a judge appoints someone to pay according to a plan.
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.
When did Zacherl Coal Company go bankrupt?
They didn't go bankrupt, the company simply dissolved with new EPA restrictions in the 1970's. K-Zacherl
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.
The Resolution Trust Corporation was created to take over bankrupt savings and loans and to sell their assets?
true
Was the Resolution Trust Corporation created to take over bankrupt savings and loans and to sell their assets?
Yes it was.
