Legal Question in Business Law in New York

Business name change to avoid seizure

If I change the name of my business and dissolve the old corporation, will I be protected against seizure of assets as a result of any judgements?


Asked on 1/10/05, 10:40 pm

1 Answer from Attorneys

Re: Business name change to avoid seizure

No. The fraudulent conveyance act was designed to prevent such a tactic. If your company is insolvent (ie. unable to pay its debts) you may wish to consider filing bankruptcy.

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Answered on 1/11/05, 9:49 am


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