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litigate
Sep 29, 2008, 11:54 AM
PLEASE HELP...

I use to own a business and am being sued in small claims... but we are no longer doing business(company closed) can I still be sued even thought we are no longer in business

ScottGem
Sep 29, 2008, 11:56 AM
Yes. But your liability depends on the type of business and how it was closed.

Can you provide more details about the business and the nature of the suit?

Fr_Chuck
Sep 29, 2008, 12:49 PM
If you were a individual owned business than you will be personal liable for the debts and they can collect from your personal money.

If you were a corporation then if you closed it properly your personal money may be safe ( should be)

traceyrco
Oct 3, 2008, 08:47 PM
Ouch! However, being small claims you have a good shot at defending yourself - unless you are in the wrong. In that case - it's better to try to settle this out of court or go to court and hope that the judge will go easy on you.

JudyKayTee
Oct 4, 2008, 07:01 AM
PLEASE HELP......

I use to own a business and am being sued in small claims..... but we are no longer doing business(company closed) can i still be sued even thought we are no longer in business


As others have said - it depends on how the business was owned and whether the business is being sued or you are being sued individually.