Legal Question in Business Law in Massachusetts

Shareholder Rights Bankruptcy Filing
I am the founder of a Massachusetts based corporation, and to the best of my knowledge, 46% owner of the company. Last year I left the organization and the officers and directors caused a cessation against me. I have little knowledge of the companies position, except that they are bearly cash flow positive, and have alot of debt (about 400k).

There has been no annual shareholders meeting, and I have have no idea about the state of affairs.

I heard today from another shareholder that they filed for Chapter 11 due to a threat from one of there suppliers to shut down services.

I have no idea what my rights are, and what, if any thing I should do.

I can't seem to find much about Massachusetts Business Law/Bankruptcy on the net.

Asked on 8/20/03, 3:30 pm

Lawrence Graves Coolidge & Graves PLLC

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0 attorneys agreed

Re: Shareholder Rights Bankruptcy Filing

You should consult with a lawyer specializing in corporate bankruptcy. I can give you a referral if you need one.

Best wishes,

LDWG

Answered on 8/20/03, 3:37 pm

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