Legal Question in Business Law in New York
Bill collections
I recently lost a franchise I have vendors calling for payment of past bills. Some want to sue the corporation and me personaly.Itry to explain the business and corporation is over with and i never agreed to personaly be liable for any uncollected payments. My question is am i responsible to pay back any monies.
Asked on 11/26/06, 11:34 am
1 Answer from Attorneys
Robert R. Groezinger
GroezingerLaw P.C.
Re: Bill collections
Not without a personal guaranty....only the entity signing the documents (the contracts) is generally liable.
Good Luck
RRG
Answered on 11/26/06, 11:44 am
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