Legal Question in Business Law in Florida

corporate debt

can an individual be responsible for corporate debt


Asked on 6/03/07, 2:36 am

2 Answers from Attorneys
Michael Stewart Michael D. Stewart

Re: corporate debt

It is possible depending on the individuals position in the company, how the debt was acquired, and for what. Also, things like personal guarantees on bank loans.

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Answered on 6/03/07, 6:10 am
Robert Roemer Robert Roemer

Re: corporate debt

unfortunately, an individual can easily be liable for corporate debts if the corporation is improperly structured or the corporate debt was improperly structured. If you need assistance in this area write me an e-mai to advise me

how to reach you by telephone.

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Answered on 6/03/07, 1:58 pm


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