We’re in the process of shutting down our startup, but have several thousand in debt. Does this get wiped away with the closure? We’re a C corp.

  • I think this depends on whether you signed surety on any of those agreements. It might also depend on when the debt was made. Was there negligence involved – was the company already struggling financially and did the directors then knowing further increase the debt of the entity. Black listing might take place and depending on whether or not personal surety was signed, civil claims may be laid against the directors who signed off on the agreement.

  • Depends, did someone sign something, a guarantee, were credit cards used ? Need more data, DONT HIRE A LAWYER ! The bills will skyrocket !

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