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?


Asked on 2/20/08, 2:26 pm

2 Answers from Attorneys

Edward Hoffman Law Offices of Edward A. Hoffman

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.

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Answered on 2/20/08, 3:29 pm
Terry A. Nelson Nelson & Lawless

Re: Collecting Money Owing

Sue them and get a judgment, collect against whatever assets you can find.

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Answered on 2/20/08, 5:28 pm


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