Legal Question in Business Law in Arizona

Death and Bankruptcy

S-Corp partner owning 45% of stock dies. 2 weeks later widow files bankruptcy. We get a letter from an attorney demanding bank statements, cancelled checks, p&l statements and tax returns and that we buy back stock...what do we do? Do we have to turn over records?


Asked on 10/08/06, 9:32 pm

1 Answer from Attorneys
James Jenkins Jenkins Law Center PLC

Re: Death and Bankruptcy

Answers to your questions depend upon the content of your shareholder contract and other facts. I think you need an attorney to guide yu through this. See a business law attorney. I cannot tell from your question if the attorney requesting information is an attorney for the widow or the bankruptcy trustee.

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Answered on 10/09/06, 4:52 pm


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