Legal Question in Credit and Debt Law in New York
liability
if a company goes out of business, are they still allowed to debit money from my bank accout for previous balances
Asked on 7/08/06, 11:32 am
1 Answer from Attorneys
Michael Markowitz
Michael A. Markowitz, PC
Re: liability
A company that goes out of business "winds down" it's corporate affairs. Part of this process is collecting money for outstanding balances prior to going out of business.
Mike.
Answered on 7/10/06, 10:25 am
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