Legal Question in Criminal Law in California
Collecting Money Owing
If a corporation has been suspended but they owe us some monies, is there any other way to collect money?
2 Answers from Attorneys
Re: Collecting Money Owing
Suspended corporations are not excused from paying their debts, so don't let the suspension dissuade you.
Many suspended companies have ceased operations; if the company that owes you money has done so then collecting may be difficult, but the reason will be that the company is no longer operating and not that it has been suspended.
Even if the company is no longer in business it may have assets from which to pay you. There may also be a basis to pursue its officers and/or directors for the corporation's debts.
Re: Collecting Money Owing
Sue them and get a judgment, collect against whatever assets you can find.
Related Questions & Answers
-
Marsden motion How would I go about filing a marsden motion against my public... Asked 2/19/08, 3:18 am in United States California Criminal Law