Legal Question in Bankruptcy in Montana

Client Bankruptcy

I have recently had a client file bankruptcy on a little over $2000.00 that he owed me. The work that I did was for his Corporation and he filed personally, the corp has no assets. The kicker is that I am his bookkeeper and he asked me to update all of his financial records for his atty so that he could file bankruptcy. I did this trusting that he would not file on me. Do I have any recourse?


Asked on 5/28/09, 7:47 am

1 Answer from Attorneys
William Gwaltney William W. Gwaltney, Attorneys at Law

Re: Client Bankruptcy

Depending on his corporate structure his personal bankruptcy has little or no effect on the debt of the corporation. If he is a personal guarantor on the debt, his personal bankruptcy only applies to that portion. You would or should still have a claim against the corporation, whether they have assets or not.

If your debt is listed on his personal bankruptcy then you should contact the Trustee and discuss this debt with Him/Her, and try to get some form of payment.

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Answered on 5/28/09, 9:24 am


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