Legal Question in Bankruptcy in Florida

Corporation w/ int'l partners implications concerning bankruptcy

My husband is 35% part owner of a corporation(distributor) in FL-his partners are in Europe holding majority of ownership. My husband wants out for various and very serious reasons. The majority partners continue to supply inventory stock-payments for this inventory are extremely behind. His 35% owes the majority party sevral hundred thousand for inventory allready sold but b/c company is so small,payments received from sales were used to pay other things(rent, etc.. He currently has 3 very large credit lines in his name/the corporation's name-implications of bankrtcy - personally & int'l laws?


Asked on 5/26/01, 9:54 am

1 Answer from Attorneys
Alexander M. Rosenfeld Rosenfeld & Stein, P.A.

Re: Corporation w/ int'l partners implications concerning bankruptcy

You have provided insufficient information for me to provide a meaningful response. I suggest you, or better your husband, call or come to see me to discuss the status and future of the enterprise.

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Answered on 6/23/01, 11:10 am


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