Incorporation being sued, do settlements survive bankruptcy?
April 22nd, 2015 by Questions
If a small but incorporated business gets targeted in a scam for a fake (irrelevant fake or not I realize) injury lawsuit for over $100,000… can that incorporated business go bankrupt if they lose and don’t have any assets anyway? Or do court settlements survive bankruptcy? And would the debt just be pushed over to the director? If so can they go bankrupt? This is an unfortunate yet scary situation. Thank you.